News coverage about IBERIABANK (NASDAQ:IBKC) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. IBERIABANK earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.0144779525082 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Several equities analysts have commented on the stock. Stephens downgraded shares of IBERIABANK from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of IBERIABANK from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. SunTrust Banks decreased their price objective on shares of IBERIABANK to $80.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Iberia Capital cut shares of IBERIABANK from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, December 20th. Finally, ValuEngine raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $89.27.
IBERIABANK (IBKC) traded up $0.70 during mid-day trading on Thursday, hitting $79.80. 440,600 shares of the stock traded hands, compared to its average volume of 452,671. The firm has a market capitalization of $4,310.00, a price-to-earnings ratio of 23.33, a PEG ratio of 1.75 and a beta of 1.37. IBERIABANK has a twelve month low of $68.55 and a twelve month high of $86.40. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.
IBERIABANK (NASDAQ:IBKC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.13). The business had revenue of $270.19 million during the quarter, compared to analyst estimates of $276.02 million. IBERIABANK had a net margin of 17.14% and a return on equity of 6.57%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. sell-side analysts expect that IBERIABANK will post 4.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.85%. IBERIABANK’s dividend payout ratio (DPR) is currently 43.27%.
In other news, insider John R. Davis sold 3,263 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $74.24, for a total value of $242,245.12. Following the transaction, the insider now owns 57,886 shares of the company’s stock, valued at approximately $4,297,456.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William H. Fenstermaker bought 2,500 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $71.81 per share, for a total transaction of $179,525.00. Following the purchase, the director now owns 43,242 shares in the company, valued at approximately $3,105,208.02. The disclosure for this purchase can be found here. 2.52% of the stock is currently owned by company insiders.
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IBERIABANK 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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