Iberiabank Corp. (IBKC) Hits New 52-Week High at $67.23
Iberiabank Corp. (NASDAQ:IBKC) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $67.23 and last traded at $67.03, with a volume of 156,345 shares trading hands. The stock had previously closed at $66.85.
A number of research analysts have commented on IBKC shares. Hovde Group boosted their target price on Iberiabank Corp. from $50.00 to $57.00 and gave the company a “market perform” rating in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods upped their price target on Iberiabank Corp. from $62.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. FIG Partners upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, August 8th. Zacks Investment Research downgraded Iberiabank Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, FBR & Co upped their price target on Iberiabank Corp. from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.06.
The firm has a market capitalization of $2.75 billion and a price-to-earnings ratio of 15.59. The firm has a 50-day moving average of $63.30 and a 200-day moving average of $57.19.
Iberiabank Corp. (NASDAQ:IBKC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The firm earned $227.70 million during the quarter, compared to analyst estimates of $224.83 million. During the same period in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts forecast that Iberiabank Corp. will post $4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, June 28th.
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.