Media headlines about IBERIABANK (NASDAQ:IBKC) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. IBERIABANK earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 47.4148414795913 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
IBKC has been the topic of several analyst reports. Stephens cut IBERIABANK from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 20th. SunTrust Banks raised IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Robert W. Baird cut IBERIABANK from an “outperform” rating to a “neutral” rating and cut their target price for the company from $97.00 to $78.00 in a research note on Monday, October 23rd. Zacks Investment Research cut IBERIABANK from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Iberia Capital cut IBERIABANK from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $89.27.
Shares of IBERIABANK (NASDAQ:IBKC) traded up $0.70 during midday trading on Thursday, hitting $79.80. The company had a trading volume of 440,600 shares, compared to its average volume of 452,671. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4,310.00, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37. IBERIABANK has a 12-month low of $68.55 and a 12-month high of $86.40.
IBERIABANK (NASDAQ:IBKC) last posted its earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). The company had revenue of $270.19 million for the quarter, compared to analysts’ expectations of $276.02 million. IBERIABANK had a return on equity of 6.57% and a net margin of 17.14%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. equities research analysts anticipate that IBERIABANK will post 4.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be issued 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 is currently 43.27%.
In other IBERIABANK news, Director William H. Fenstermaker acquired 2,500 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of $71.81 per share, for a total transaction of $179,525.00. Following the acquisition, the director now owns 43,242 shares in the company, valued at approximately $3,105,208.02. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John R. Davis sold 3,263 shares of the 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 sale, the insider now owns 57,886 shares of the company’s stock, valued at approximately $4,297,456.64. The disclosure for this sale can be found here. 2.52% of the stock is owned by corporate 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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