Squarepoint Ops LLC Has $7.21 Million Stake in IBERIABANK Corp (NASDAQ:IBKC)

Squarepoint Ops LLC boosted its holdings in shares of IBERIABANK Corp (NASDAQ:IBKC) by 185.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,226 shares of the bank’s stock after purchasing an additional 72,916 shares during the quarter. Squarepoint Ops LLC owned about 0.20% of IBERIABANK worth $7,214,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBKC. Schafer Cullen Capital Management Inc purchased a new position in shares of IBERIABANK in the 4th quarter valued at approximately $337,000. D. E. Shaw & Co. Inc. raised its position in shares of IBERIABANK by 73.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 52,716 shares of the bank’s stock valued at $3,389,000 after purchasing an additional 22,408 shares during the last quarter. Bank of America Corp DE raised its position in IBERIABANK by 15.9% during the 4th quarter. Bank of America Corp DE now owns 432,599 shares of the bank’s stock worth $27,807,000 after buying an additional 59,402 shares during the last quarter. Two Sigma Securities LLC purchased a new position in IBERIABANK during the 4th quarter worth approximately $308,000. Finally, Principal Financial Group Inc. raised its position in IBERIABANK by 28.3% during the 4th quarter. Principal Financial Group Inc. now owns 6,731 shares of the bank’s stock worth $433,000 after buying an additional 1,486 shares during the last quarter. 87.31% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on IBKC shares. BidaskClub raised shares of IBERIABANK from a “strong sell” rating to a “sell” rating in a research report on Friday, March 29th. ValuEngine lowered shares of IBERIABANK from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Stephens lifted their target price on shares of IBERIABANK from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $87.60.

In related news, Director Ricky E. Maples acquired 2,500 shares of IBERIABANK stock in a transaction that occurred on Tuesday, January 29th. The shares were purchased at an average cost of $75.60 per share, for a total transaction of $189,000.00. Following the acquisition, the director now owns 6,100 shares in the company, valued at $461,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Angus R. Cooper II acquired 5,000 shares of IBERIABANK stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $76.24 per share, for a total transaction of $381,200.00. Following the completion of the acquisition, the director now owns 51,800 shares in the company, valued at approximately $3,949,232. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 8,500 shares of company stock worth $645,450 and have sold 21,502 shares worth $1,609,475. 2.65% of the stock is owned by insiders.

IBKC traded down $1.17 on Monday, hitting $75.63. 199,498 shares of the company’s stock were exchanged, compared to its average volume of 406,538. IBERIABANK Corp has a fifty-two week low of $60.82 and a fifty-two week high of $87.50. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.09 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.31 and a beta of 1.51.

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 the consensus estimate of $1.78 by $0.08. IBERIABANK had a net margin of 26.94% and a return on equity of 9.98%. The company had revenue of $265.99 million for the quarter, compared to analysts’ expectations of $308.20 million. During the same quarter in the previous year, the company posted $1.33 EPS. As a group, research analysts anticipate that IBERIABANK Corp will post 7.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, March 28th. This is a positive change from IBERIABANK’s previous quarterly dividend of $0.41. IBERIABANK’s payout ratio is currently 25.71%.

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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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Institutional Ownership by Quarter for IBERIABANK (NASDAQ:IBKC)

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