IBERIABANK Corp (IBKC) Insider Sells $76,290.00 in Stock
IBERIABANK Corp (NASDAQ:IBKC) insider Haddon Spurgeon Mackie, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $76.29, for a total transaction of $76,290.00. Following the transaction, the insider now directly owns 12,860 shares of the company’s stock, valued at approximately $981,089.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
IBKC stock traded up $0.19 during midday trading on Monday, hitting $76.30. 8,216 shares of the stock traded hands, compared to its average volume of 355,423. The firm has a market cap of $4.23 billion, a PE ratio of 11.40, a P/E/G ratio of 1.32 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. IBERIABANK Corp has a 1-year low of $60.82 and a 1-year high of $87.50.
IBERIABANK (NASDAQ:IBKC) last released its quarterly earnings results on Friday, January 25th. The bank reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.08. The company had revenue of $265.99 million for the quarter, compared to analyst estimates of $308.20 million. IBERIABANK had a net margin of 26.94% and a return on equity of 10.07%. During the same quarter last year, the business earned $1.33 earnings per share. Research analysts predict that IBERIABANK Corp will post 7.18 earnings per share for the current fiscal year.
Several brokerages recently issued reports on IBKC. ValuEngine cut shares of IBERIABANK from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Zacks Investment Research upgraded shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, November 6th. Stephens upgraded shares of IBERIABANK from an “equal” rating to a “weight” rating and raised their price target for the company from $78.00 to $85.00 in a research report on Wednesday, December 19th. BidaskClub upgraded shares of IBERIABANK from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Finally, Hovde Group upgraded shares of IBERIABANK from a “market perform” rating to an “outperform” rating and raised their price target for the company from $82.00 to $86.00 in a research report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $84.75.
IBERIABANK Company Profile
IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.
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