William H. Fenstermaker Purchases 2,500 Shares of IBERIABANK Corporation (IBKC) Stock
IBERIABANK Corporation (NASDAQ:IBKC) Director William H. Fenstermaker acquired 2,500 shares of the stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $71.81 per share, with a total value of $179,525.00. Following the transaction, the director now owns 43,242 shares of the company’s stock, valued at $3,105,208.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of IBERIABANK Corporation (NASDAQ IBKC) traded up $1.35 during trading on Friday, reaching $73.40. The company had a trading volume of 465,668 shares, compared to its average volume of 604,259. IBERIABANK Corporation has a 52-week low of $68.55 and a 52-week high of $91.10. The firm has a market capitalization of $3,954.06, a PE ratio of 17.15, a P/E/G ratio of 2.15 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.
IBERIABANK Corporation (NASDAQ:IBKC) last issued its earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.13). IBERIABANK Corporation had a net margin of 17.14% and a return on equity of 6.57%. The firm had revenue of $270.19 million during the quarter, compared to analyst estimates of $276.02 million. During the same quarter in the previous year, the business posted $1.08 EPS. IBERIABANK Corporation’s revenue was up 21.0% compared to the same quarter last year. analysts predict that IBERIABANK Corporation will post 4.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a yield of 2.02%. This is a boost from IBERIABANK Corporation’s previous quarterly dividend of $0.36. IBERIABANK Corporation’s dividend payout ratio (DPR) is presently 42.05%.
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A number of equities research analysts have recently commented on IBKC shares. Stephens set a $95.00 price objective on IBERIABANK Corporation and gave the company a “buy” rating in a research report on Saturday, July 22nd. JMP Securities lifted their price objective on IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Piper Jaffray Companies raised IBERIABANK Corporation from a “neutral” rating to an “overweight” rating and set a $89.00 price objective for the company in a research report on Tuesday, August 15th. Finally, BidaskClub downgraded IBERIABANK Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $89.27.
A number of institutional investors have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its holdings in IBERIABANK Corporation by 0.4% in the second quarter. Nations Financial Group Inc. IA ADV now owns 3,185 shares of the bank’s stock valued at $260,000 after acquiring an additional 14 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of IBERIABANK Corporation by 0.7% during the second quarter. IFP Advisors Inc now owns 2,815 shares of the bank’s stock worth $229,000 after purchasing an additional 20 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of IBERIABANK Corporation by 0.6% during the second quarter. Summit Financial Wealth Advisors LLC now owns 9,309 shares of the bank’s stock worth $759,000 after purchasing an additional 52 shares in the last quarter. Commerce Bank lifted its stake in shares of IBERIABANK Corporation by 1.0% during the second quarter. Commerce Bank now owns 6,015 shares of the bank’s stock worth $490,000 after purchasing an additional 60 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of IBERIABANK Corporation by 3.1% during the second quarter. Teacher Retirement System of Texas now owns 4,096 shares of the bank’s stock worth $334,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 80.60% 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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