News coverage about IBERIABANK (NASDAQ:IBKC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IBERIABANK earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 47.4195845787856 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
IBERIABANK (IBKC) traded up $1.75 during trading on Thursday, hitting $81.55. 457,511 shares of the stock were exchanged, compared to its average volume of 453,276. IBERIABANK has a 12-month low of $68.55 and a 12-month high of $86.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market cap of $4,310.00, a P/E ratio of 23.85, a PEG ratio of 1.75 and a beta of 1.37.
IBERIABANK (NASDAQ:IBKC) last issued 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 firm had revenue of $270.19 million for the quarter, compared to the consensus estimate of $276.02 million. IBERIABANK had a net margin of 17.14% and a return on equity of 6.57%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. sell-side analysts forecast that IBERIABANK will post 4.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors 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 annualized dividend and a yield of 1.81%. IBERIABANK’s payout ratio is 43.27%.
Several analysts have commented on IBKC shares. Stephens cut shares of IBERIABANK from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 20th. SunTrust Banks upgraded shares of IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Robert W. Baird cut shares of IBERIABANK from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $97.00 to $78.00 in a research note on Monday, October 23rd. Zacks Investment Research cut shares of IBERIABANK from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Iberia Capital cut shares of IBERIABANK from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. IBERIABANK currently has an average rating of “Buy” and an average price target of $89.27.
In other IBERIABANK news, insider John R. Davis sold 3,263 shares of the company’s stock in a transaction dated 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 directly owns 57,886 shares in the company, valued at approximately $4,297,456.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Fenstermaker bought 2,500 shares of the company’s stock in a transaction on Friday, November 17th. The stock was bought at an average price of $71.81 per share, for a total transaction of $179,525.00. Following the completion of the purchase, the director now directly owns 43,242 shares in the company, valued at $3,105,208.02. The disclosure for this purchase can be found here. Corporate insiders own 2.52% of the company’s stock.
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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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