Brokerages expect that IBERIABANK Corp (NASDAQ:IBKC) will report $1.42 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for IBERIABANK’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.49. IBERIABANK reported earnings per share of $1.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.2%. The firm is expected to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that IBERIABANK will report full-year earnings of $6.37 per share for the current fiscal year, with EPS estimates ranging from $6.15 to $6.55. For the next year, analysts forecast that the firm will report earnings of $7.13 per share, with EPS estimates ranging from $6.70 to $7.40. Zacks’ earnings per share averages are an average based on a survey of analysts that cover IBERIABANK.
IBERIABANK (NASDAQ:IBKC) last released its quarterly earnings data on Thursday, January 25th. The bank reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $290.16 million for the quarter, compared to the consensus estimate of $285.17 million. IBERIABANK had a return on equity of 6.92% and a net margin of 12.66%. The company’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share.
Several brokerages have recently commented on IBKC. Piper Jaffray Companies set a $95.00 target price on IBERIABANK and gave the stock a “buy” rating in a report on Monday, January 29th. Zacks Investment Research raised IBERIABANK from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub downgraded IBERIABANK from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Jefferies Group raised IBERIABANK from a “hold” rating to a “buy” rating and boosted their target price for the stock from $89.00 to $94.00 in a report on Monday, October 9th. Finally, Stephens downgraded IBERIABANK from an “overweight” rating to an “equal weight” rating in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.82.
Shares of IBERIABANK (IBKC) opened at $80.95 on Tuesday. 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 firm has a market capitalization of $4,565.40, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.40. IBERIABANK has a 1-year low of $68.55 and a 1-year high of $87.55.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, December 28th. IBERIABANK’s dividend payout ratio is 55.85%.
In other news, Director William H. Fenstermaker acquired 2,500 shares of IBERIABANK stock in a transaction on Friday, November 17th. The shares were purchased at an average price of $71.81 per share, with a total value of $179,525.00. Following the acquisition, the director now 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 through this link. Also, insider John R. Davis sold 3,263 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was 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 disclosure for this sale can be found here. 2.52% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of IBERIABANK during the 3rd quarter valued at $107,000. Cerebellum GP LLC bought a new stake in shares of IBERIABANK during the 4th quarter valued at $128,000. Cubist Systematic Strategies LLC bought a new stake in shares of IBERIABANK during the 2nd quarter valued at $183,000. Nomura Holdings Inc. bought a new stake in shares of IBERIABANK during the 2nd quarter valued at $205,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of IBERIABANK by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,012 shares of the bank’s stock valued at $233,000 after acquiring an additional 879 shares during the last quarter. 80.67% of the stock is currently owned by hedge funds and other institutional investors.
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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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