IBERIABANK (IBKC) Earns Coverage Optimism Rating of 0.12
News articles about IBERIABANK (NASDAQ:IBKC) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IBERIABANK earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.5903747996114 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
IBKC has been the topic of several research reports. Stephens lowered shares of IBERIABANK from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of IBERIABANK from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. SunTrust Banks lowered their price target on shares of IBERIABANK to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. ValuEngine raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Robert W. Baird lowered shares of IBERIABANK from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $97.00 to $78.00 in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. IBERIABANK has an average rating of “Buy” and an average target price of $89.27.
IBERIABANK (NASDAQ:IBKC) traded up $2.25 during trading on Friday, reaching $78.70. 1,643,882 shares of the company were exchanged, compared to its average volume of 444,399. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $4,153.39, a price-to-earnings ratio of 18.01, a PEG ratio of 2.26 and a beta of 1.37. IBERIABANK has a twelve month low of $68.55 and a twelve month high of $87.55.
IBERIABANK (NASDAQ:IBKC) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.13). The company had revenue of $270.19 million during the quarter, compared to the consensus estimate of $276.02 million. IBERIABANK had a return on equity of 6.57% and a net margin of 17.14%. IBERIABANK’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. research analysts anticipate that IBERIABANK will post 4.27 earnings per share for the current year.
In other news, Director Ernest P. Breaux, Jr. sold 5,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $78.18, for a total value of $390,900.00. Following the transaction, the director now owns 27,963 shares of the company’s stock, valued at approximately $2,186,147.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Davis sold 3,263 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $74.24, for a total transaction of $242,245.12. Following the completion of the transaction, the insider now directly owns 57,886 shares in the company, valued at approximately $4,297,456.64. The disclosure for this sale can be found here. 3.17% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: “IBERIABANK (IBKC) Earns Coverage Optimism Rating of 0.12” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/12/15/iberiabank-ibkc-earns-coverage-optimism-rating-of-0-12.html.
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.
Receive News & Ratings for IBERIABANK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBERIABANK and related companies with MarketBeat.com's FREE daily email newsletter.