Analysts expect that Iberiabank (NASDAQ:IBKC) will announce sales of $307.05 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Iberiabank’s earnings, with estimates ranging from $301.90 million to $312.20 million. Iberiabank posted sales of $239.61 million in the same quarter last year, which suggests a positive year-over-year growth rate of 28.1%. The company is scheduled to issue its next earnings results on Thursday, July 19th.
On average, analysts expect that Iberiabank will report full-year sales of $1.22 billion for the current fiscal year, with estimates ranging from $1.20 billion to $1.24 billion. For the next financial year, analysts forecast that the company will report sales of $1.33 billion per share, with estimates ranging from $1.31 billion to $1.34 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Iberiabank.
Iberiabank (NASDAQ:IBKC) last announced its earnings results on Thursday, April 19th. The bank reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.05). The company had revenue of $277.50 million for the quarter, compared to the consensus estimate of $285.71 million. Iberiabank had a net margin of 12.66% and a return on equity of 6.86%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share.
Several research analysts have commented on IBKC shares. Zacks Investment Research downgraded shares of Iberiabank from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. BidaskClub raised shares of Iberiabank from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Piper Jaffray set a $95.00 price target on shares of Iberiabank and gave the stock a “buy” rating in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Iberiabank has a consensus rating of “Buy” and an average price target of $89.55.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in shares of Iberiabank in the fourth quarter worth $128,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 purchasing an additional 879 shares during the period. Bank of Montreal Can increased its position in Iberiabank by 139.9% during the 4th quarter. Bank of Montreal Can now owns 3,076 shares of the bank’s stock valued at $239,000 after purchasing an additional 1,794 shares during the period. Jefferies Group LLC increased its position in Iberiabank by 70.5% during the 4th quarter. Jefferies Group LLC now owns 4,744 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,962 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new position in Iberiabank during the 4th quarter valued at $389,000. 88.24% of the stock is currently owned by institutional investors.
Shares of IBKC stock traded down $3.00 during trading hours on Tuesday, hitting $75.40. 701,703 shares of the company’s stock were exchanged, compared to its average volume of 369,720. The company has a market capitalization of $4,170.61, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.50 and a beta of 1.41. Iberiabank has a 12-month low of $68.55 and a 12-month high of $87.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 0.92.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, March 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.02%. This is an increase from Iberiabank’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 28th. Iberiabank’s payout ratio is presently 34.00%.
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IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.
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