Iberiabank Corp. (IBKC) Sets New 12-Month High at $69.93
Iberiabank Corp. (NASDAQ:IBKC) reached a new 52-week high during trading on Monday . The stock traded as high as $69.93 and last traded at $69.46, with a volume of 406,971 shares traded. The stock had previously closed at $68.32.
Several equities research analysts have commented on IBKC shares. FIG Partners upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, August 8th. Raymond James Financial Inc. upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a research report on Thursday, August 25th. Zacks Investment Research upgraded Iberiabank Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, July 6th. Iberia Capital upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 price objective on the stock in a research report on Friday, August 26th. Finally, Keefe, Bruyette & Woods upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $67.00 to $72.00 in a research report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $62.65.
The company’s 50-day moving average is $64.37 and its 200-day moving average is $57.92. The stock has a market capitalization of $2.83 billion and a PE ratio of 16.06.
Iberiabank Corp. (NASDAQ:IBKC) last announced its earnings results on Wednesday, July 27th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. During the same quarter last year, the business posted $1.05 earnings per share. The company earned $227.70 million during the quarter, compared to analysts’ expectations of $224.83 million. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts predict that Iberiabank Corp. will post $4.56 earnings per share for the current year.
In other Iberiabank Corp. news, EVP Anthony J. Restel sold 3,342 shares of Iberiabank Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $69.22, for a total value of $231,333.24. Following the transaction, the executive vice president now directly owns 36,405 shares in the company, valued at approximately $2,519,954.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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