According to Zacks, “IBERIABANK Corporation is a commercial bank holding company. “
IBKC has been the subject of a number of other reports. BidaskClub upgraded shares of IBERIABANK from a strong sell rating to a sell rating in a research note on Wednesday, January 30th. ValuEngine upgraded shares of IBERIABANK from a sell rating to a hold rating in a research note on Tuesday, April 16th. Stephens increased their price objective on shares of IBERIABANK from $85.00 to $91.00 and gave the stock an overweight rating in a research note on Monday, January 28th. Finally, Raymond James set a $85.00 price objective on shares of IBERIABANK and gave the stock a buy rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. IBERIABANK currently has a consensus rating of Buy and an average price target of $86.25.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.08. IBERIABANK had a net margin of 28.29% and a return on equity of 10.46%. The company had revenue of $302.99 million during the quarter, compared to the consensus estimate of $304.28 million. During the same period in the prior year, the business posted $1.37 EPS. As a group, sell-side analysts expect that IBERIABANK will post 7.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, March 29th were paid a $0.43 dividend. This is an increase from IBERIABANK’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 28th. IBERIABANK’s dividend payout ratio (DPR) is 25.71%.
In related news, insider Haddon Spurgeon Mackie, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the sale, the insider now directly owns 13,860 shares in the company, valued at approximately $1,040,331.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Haddon Spurgeon Mackie, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $74.82, for a total transaction of $74,820.00. The disclosure for this sale can be found here. Insiders sold a total of 5,551 shares of company stock valued at $420,259 over the last quarter. 2.65% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in IBERIABANK by 122.9% during the third quarter. Jane Street Group LLC now owns 6,040 shares of the bank’s stock worth $491,000 after acquiring an additional 32,448 shares during the last quarter. Teachers Advisors LLC lifted its position in IBERIABANK by 2.1% during the third quarter. Teachers Advisors LLC now owns 398,292 shares of the bank’s stock worth $32,401,000 after acquiring an additional 8,292 shares during the last quarter. Legal & General Group Plc lifted its position in IBERIABANK by 5.9% during the third quarter. Legal & General Group Plc now owns 29,712 shares of the bank’s stock worth $2,417,000 after acquiring an additional 1,654 shares during the last quarter. Morgan Stanley lifted its position in IBERIABANK by 14.5% during the third quarter. Morgan Stanley now owns 169,171 shares of the bank’s stock worth $13,761,000 after acquiring an additional 21,431 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in IBERIABANK by 1.3% during the third quarter. Vanguard Group Inc. now owns 4,910,522 shares of the bank’s stock worth $399,471,000 after acquiring an additional 61,188 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.
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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