Iberiabank Corp. (NASDAQ:IBKC) – Equities research analysts at SunTrust Banks dropped their FY2016 earnings per share estimates for shares of Iberiabank Corp. in a research report issued on Monday. SunTrust Banks analyst J. Demba now anticipates that the brokerage will post earnings per share of $4.58 for the year, down from their prior forecast of $4.59.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods upgraded shares of 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 research report on Wednesday, August 17th. FBR & Co raised their price objective on shares of Iberiabank Corp. from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of Iberiabank Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, July 6th. FIG Partners upgraded shares of Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, August 8th. Finally, Raymond James Financial Inc. upgraded shares of Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a research report on Thursday, August 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $63.15.

Shares of Iberiabank Corp. (NASDAQ:IBKC) opened at 67.78 on Wednesday. Iberiabank Corp. has a 12-month low of $42.20 and a 12-month high of $69.93. The stock has a market capitalization of $2.78 billion, a P/E ratio of 15.78 and a beta of 1.02. The company has a 50-day moving average of $66.74 and a 200-day moving average of $59.94.

Iberiabank Corp. (NASDAQ:IBKC) last released its earnings results on Wednesday, July 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. Iberiabank Corp. had a net margin of 19.32% and a return on equity of 7.40%. The firm earned $227.70 million during the quarter, compared to the consensus estimate of $224.83 million. During the same period in the previous year, the firm earned $1.05 earnings per share. Iberiabank Corp.’s revenue was up 4.8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from Iberiabank Corp.’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, September 28th. Iberiabank Corp.’s dividend payout ratio is 31.70%.

In other news, insider Elizabeth A. Ardoin sold 2,455 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $68.58, for a total value of $168,363.90. Following the completion of the sale, the insider now directly owns 16,978 shares of the company’s stock, valued at $1,164,351.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John R. Davis sold 8,560 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $68.02, for a total transaction of $582,251.20. Following the completion of the sale, the insider now directly owns 57,264 shares of the company’s stock, valued at $3,895,097.28. The disclosure for this sale can be found here. 3.17% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Iberiabank Corp. during the first quarter valued at $593,000. JPMorgan Chase & Co. raised its position in shares of Iberiabank Corp. by 50.1% in the first quarter. JPMorgan Chase & Co. now owns 973,023 shares of the company’s stock valued at $49,888,000 after buying an additional 324,737 shares during the last quarter. Columbia Partners L L C Investment Management acquired a new position in shares of Iberiabank Corp. during the first quarter valued at $2,006,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Iberiabank Corp. by 3.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 938,201 shares of the company’s stock valued at $48,102,000 after buying an additional 29,085 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Iberiabank Corp. by 123.0% in the first quarter. BlackRock Group LTD now owns 43,275 shares of the company’s stock valued at $2,218,000 after buying an additional 23,872 shares during the last quarter. 81.47% of the stock is owned by institutional investors and hedge funds.

About Iberiabank Corp.

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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