IBERIABANK (NASDAQ:IBKC) Earns Coverage Optimism Rating of 2.90

News articles about IBERIABANK (NASDAQ:IBKC) have been trending positive recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. IBERIABANK earned a media sentiment score of 2.90 on their scale. InfoTrie also gave press coverage about the bank an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.

A number of equities analysts have recently weighed in on IBKC shares. Stephens set a $91.00 target price on IBERIABANK and gave the company a “hold” rating in a report on Friday, October 19th. BidaskClub downgraded IBERIABANK from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 24th. ValuEngine upgraded IBERIABANK from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Hovde Group upgraded IBERIABANK from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $82.00 to $86.00 in a report on Friday, November 16th. Finally, Zacks Investment Research upgraded IBERIABANK from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. IBERIABANK currently has an average rating of “Hold” and a consensus price target of $84.75.

Shares of IBERIABANK stock opened at $77.20 on Thursday. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 11.54, 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 current ratio of 0.93 and a quick ratio of 0.93. IBERIABANK has a 12-month low of $60.82 and a 12-month high of $87.50.

IBERIABANK (NASDAQ:IBKC) last announced its earnings results on Friday, January 25th. The bank reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The firm had revenue of $265.99 million during the quarter, compared to analysts’ expectations of $308.20 million. IBERIABANK had a return on equity of 10.07% and a net margin of 26.94%. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, equities analysts predict that IBERIABANK will post 7.18 EPS for the current fiscal year.

In other IBERIABANK news, Director Ricky E. Maples acquired 2,500 shares of IBERIABANK stock in a transaction dated Tuesday, January 29th. The stock was bought at an average cost of $75.60 per share, with a total value of $189,000.00. Following the completion of the transaction, the director now owns 6,100 shares of the company’s stock, valued at $461,160. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haddon Spurgeon Mackie, Jr. sold 1,000 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $76.29, for a total value of $76,290.00. Following the completion of the sale, the insider now directly owns 12,860 shares of the company’s stock, valued at $981,089.40. The disclosure for this sale can be found here. Insiders have sold 19,951 shares of company stock valued at $1,490,446 in the last ninety days. Company insiders own 2.53% of the company’s stock.

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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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