Somewhat Positive Press Coverage Somewhat Unlikely to Impact IBERIABANK Corporation (NASDAQ:IBKC) Share Price
Media coverage about IBERIABANK Corporation (NASDAQ:IBKC) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IBERIABANK Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.0036534936587 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- IHS Markit Score upgrades IBERIABANK Corp to 80 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- IHS Markit Score downgrades IBERIABANK Corp to 30 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- $273.99 Million in Sales Expected for IBERIABANK Corporation (NASDAQ:IBKC) This Quarter (americanbankingnews.com)
- Philip Morris International Inc (PM) Shares Bought by Investec Asset Management LTD (lazeresportes.com)
- John R. Davis Sells 6,141 Shares of IBERIABANK Corporation (IBKC) Stock (americanbankingnews.com)
IBERIABANK Corporation (IBKC) opened at 77.35 on Friday. The stock has a 50 day moving average price of $80.62 and a 200 day moving average price of $80.53. The firm has a market cap of $3.95 billion, a P/E ratio of 18.85 and a beta of 1.28. IBERIABANK Corporation has a 1-year low of $62.66 and a 1-year high of $91.10.
IBERIABANK Corporation (NASDAQ:IBKC) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by $0.02. The firm had revenue of $239.61 million for the quarter, compared to analysts’ expectations of $236.73 million. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 7.14%. On average, analysts anticipate that IBERIABANK Corporation will post $4.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, June 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. IBERIABANK Corporation’s dividend payout ratio (DPR) is currently 35.04%.
Several research analysts have commented on IBKC shares. Zacks Investment Research downgraded IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Stephens set a $95.00 target price on IBERIABANK Corporation and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Keefe, Bruyette & Woods set a $90.00 target price on IBERIABANK Corporation and gave the stock a “buy” rating in a research note on Monday, June 5th. Iberia Capital raised IBERIABANK Corporation from an “outperform” rating to a “strong-buy” rating and set a $93.00 target price for the company in a research note on Friday, May 19th. Finally, BidaskClub downgraded IBERIABANK Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $86.92.
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In other IBERIABANK Corporation news, insider John R. Davis sold 6,141 shares of IBERIABANK Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $80.12, for a total value of $492,016.92. Following the transaction, the insider now directly owns 60,553 shares of the company’s stock, valued at approximately $4,851,506.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Stewart Shea III sold 4,147 shares of IBERIABANK Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $80.65, for a total value of $334,455.55. Following the completion of the transaction, the director now directly owns 13,179 shares in the company, valued at $1,062,886.35. The disclosure for this sale can be found here. Insiders sold a total of 35,288 shares of company stock worth $2,796,972 over the last ninety days. Insiders own 3.17% of the company’s stock.
IBERIABANK Corporation Company Profile
IBERIABANK Corporation is a financial holding company. The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc (IAM), which provides wealth management and trust advisory 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 (CDE), which invests in purchased tax credits.
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