Media headlines about IBERIABANK (NASDAQ:IBKC) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public 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 0.20 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.6869731055749 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
IBERIABANK (IBKC) traded up $2.25 during trading hours on Wednesday, hitting $84.05. 299,122 shares of the stock traded hands, compared to its average volume of 440,362. IBERIABANK has a 1-year low of $68.55 and a 1-year high of $87.55. 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 firm has a market capitalization of $4,419.96, a P/E ratio of 18.44, a P/E/G ratio of 1.61 and a beta of 1.40.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.07. IBERIABANK had a net margin of 12.66% and a return on equity of 6.92%. The business had revenue of $290.16 million during the quarter, compared to the consensus estimate of $285.17 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 35.0% compared to the same quarter last year. research analysts forecast that IBERIABANK will post 6.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. IBERIABANK’s dividend payout ratio (DPR) is presently 55.85%.
A number of analysts recently weighed in on the stock. SunTrust Banks raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Zacks Investment Research raised shares of IBERIABANK from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies set a $95.00 target price on shares of IBERIABANK and gave the stock a “buy” rating in a research report on Monday, January 29th. Hovde Group lowered shares of IBERIABANK from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $88.00 to $82.00 in a research report on Monday, October 23rd. Finally, BidaskClub raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. IBERIABANK currently has an average rating of “Buy” and an average target price of $89.82.
In other news, insider John R. Davis sold 3,263 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $74.24, for a total transaction of $242,245.12. Following the completion of the sale, the insider now owns 57,886 shares of the company’s stock, valued at $4,297,456.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Fenstermaker purchased 2,500 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of $71.81 per share, for a total transaction of $179,525.00. Following the completion of the transaction, the director now directly owns 43,242 shares of the company’s stock, valued at approximately $3,105,208.02. The disclosure for this purchase can be found here. Company 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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