IBERIABANK Corporation (NASDAQ:IBKC) Director William H. Fenstermaker purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $71.81 per share, with a total value of $179,525.00. Following the completion of the acquisition, the director now directly owns 43,242 shares in the company, valued at $3,105,208.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of IBERIABANK Corporation (NASDAQ IBKC) traded up $1.35 during midday trading on Friday, hitting $73.40. 465,668 shares of the company’s stock were exchanged, compared to its average volume of 516,647. IBERIABANK Corporation has a one year low of $68.55 and a one year high of $91.10. The company has a market capitalization of $3,950.00, a P/E ratio of 16.78, a PEG ratio of 2.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 0.91.
IBERIABANK Corporation (NASDAQ:IBKC) last announced its earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.13). IBERIABANK Corporation had a return on equity of 6.57% and a net margin of 17.14%. The company had revenue of $270.19 million during the quarter, compared to the consensus estimate of $276.02 million. During the same period in the prior year, the firm posted $1.08 earnings per share. The company’s revenue was up 21.0% on a year-over-year basis. research analysts expect that IBERIABANK Corporation will post 4.3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from IBERIABANK Corporation’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.02%. IBERIABANK Corporation’s payout ratio is currently 43.27%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of IBERIABANK Corporation in the third quarter worth about $1,021,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of IBERIABANK Corporation during the 3rd quarter worth approximately $2,300,000. Jacobs Asset Management LLC grew its position in shares of IBERIABANK Corporation by 16.4% during the 3rd quarter. Jacobs Asset Management LLC now owns 160,000 shares of the bank’s stock worth $13,144,000 after buying an additional 22,500 shares during the period. Maltese Capital Management LLC grew its position in shares of IBERIABANK Corporation by 18.8% during the 3rd quarter. Maltese Capital Management LLC now owns 237,500 shares of the bank’s stock worth $19,511,000 after buying an additional 37,500 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of IBERIABANK Corporation by 6.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 222,059 shares of the bank’s stock worth $18,242,000 after buying an additional 13,750 shares during the period. 80.60% of the stock is owned by institutional investors.
IBKC has been the subject of several analyst reports. Zacks Investment Research raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Thursday, September 28th. ValuEngine raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Stephens set a $95.00 price target on shares of IBERIABANK Corporation and gave the company a “buy” rating in a report on Saturday, July 22nd. Jefferies Group LLC raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $89.00 to $94.00 in a report on Monday, October 9th. Finally, SunTrust Banks, Inc. cut their price target on shares of IBERIABANK Corporation to $80.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.27.
IBERIABANK Corporation Company Profile
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.
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