Iberiabank Corp. (IBKC) Hits New 1-Year High at $69.93
Shares of Iberiabank Corp. (NASDAQ:IBKC) hit a new 52-week high on Monday . The stock traded as high as $69.93 and last traded at $69.46, with a volume of 406,971 shares trading hands. The stock had previously closed at $68.32.
Several analysts have recently weighed in on IBKC shares. Zacks Investment Research raised shares of Iberiabank Corp. from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, July 6th. Hovde Group raised their price objective on shares of 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 raised their price objective on shares of Iberiabank Corp. from $62.00 to $67.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. 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 note on Friday, July 29th. Finally, Iberia Capital 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 note on Friday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.65.
The stock has a market capitalization of $2.85 billion and a price-to-earnings ratio of 16.15. The company has a 50 day moving average price of $63.85 and a 200 day moving average price of $57.41.
Iberiabank Corp. (NASDAQ:IBKC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $227.70 million for the quarter, compared to the consensus estimate of $224.83 million. During the same quarter in the prior year, the company posted $1.05 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts predict that Iberiabank Corp. will post $4.56 EPS for the current year.
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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