Iberiabank Corp. (IBKC) Sees Strong Trading Volume
Iberiabank Corp. (NASDAQ:IBKC) saw strong trading volume on Friday . 434,574 shares were traded during trading, an increase of 77% from the previous session’s volume of 245,980 shares.The stock last traded at $68.32 and had previously closed at $67.51.
A number of equities analysts recently weighed in on the company. Iberia Capital raised Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a report on Friday. Raymond James Financial Inc. raised Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a report on Thursday. Keefe, Bruyette & Woods raised Iberiabank Corp. from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $67.00 to $72.00 in a report on Wednesday, August 17th. FIG Partners raised Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, August 8th. Finally, FBR & Co raised their price objective on Iberiabank Corp. from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $62.65.
The firm has a 50 day moving average price of $63.85 and a 200 day moving average price of $57.41. The firm has a market cap of $2.80 billion and a PE ratio of 15.90.
Iberiabank Corp. (NASDAQ:IBKC) last announced its earnings results on Wednesday, July 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. During the same period last year, the business posted $1.05 EPS. The company had revenue of $227.70 million for the quarter, compared to the consensus estimate of $224.83 million. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Iberiabank Corp. will post $4.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.36 annualized dividend and a yield of 1.99%.
IBERIABANK Corporation is a financial holding company. The Company is the holding company for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency; IBERIA Capital Partners, LLC, a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc, which provides wealth management and trust services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE LLC., which invests in purchased tax credits.
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