IBERIABANK Corporation (IBKC) Receiving Somewhat Positive News Coverage, Study Finds
Media headlines about IBERIABANK Corporation (NASDAQ:IBKC) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 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 0.13 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.0278801378409 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of IBERIABANK Corporation (IBKC) opened at 74.70 on Friday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.20 and a beta of 1.30. The company’s 50-day moving average is $77.26 and its 200-day moving average is $79.24. IBERIABANK Corporation has a 12-month low of $62.66 and a 12-month high of $91.10.
IBERIABANK Corporation (NASDAQ:IBKC) last released its earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.02). The business had revenue of $239.61 million for the quarter, compared to the consensus estimate of $236.73 million. IBERIABANK Corporation had a return on equity of 6.86% and a net margin of 20.08%. Analysts predict that IBERIABANK Corporation will post $4.76 EPS for the current year.
A number of equities research analysts have recently weighed in on IBKC shares. Zacks Investment Research upgraded shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Thursday, May 25th. Raymond James Financial, Inc. upgraded shares of IBERIABANK Corporation from an “outperform” rating to a “strong-buy” rating in a report on Friday, May 19th. BidaskClub lowered shares of IBERIABANK Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine upgraded shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods set a $90.00 price objective on shares of IBERIABANK Corporation and gave the stock a “buy” rating in a report on Monday, June 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. IBERIABANK Corporation presently has a consensus rating of “Buy” and an average target price of $90.70.
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In other news, insider John R. Davis sold 6,141 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.12, for a total transaction of $492,016.92. Following the sale, the insider now owns 60,553 shares in the company, valued at $4,851,506.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.17% of the stock is owned by insiders.
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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