Iberiabank (NASDAQ:IBKC) – Equities research analysts at Piper Jaffray Companies boosted their FY2018 earnings estimates for shares of Iberiabank in a research report issued on Wednesday, May 23rd. Piper Jaffray Companies analyst W. Curtiss now anticipates that the bank will post earnings of $6.35 per share for the year, up from their previous forecast of $6.32. Piper Jaffray Companies currently has a “Buy” rating and a $92.00 target price on the stock. Piper Jaffray Companies also issued estimates for Iberiabank’s Q4 2018 earnings at $1.73 EPS, Q1 2019 earnings at $1.63 EPS, Q2 2019 earnings at $1.81 EPS, Q3 2019 earnings at $1.87 EPS, Q4 2019 earnings at $1.88 EPS and FY2019 earnings at $7.18 EPS.
Other equities analysts have also issued reports about the company. BidaskClub raised Iberiabank from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Iberiabank from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Wednesday, April 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Iberiabank currently has an average rating of “Buy” and a consensus price target of $88.00.
Iberiabank stock opened at $81.10 on Monday. The company has a market cap of $4.59 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.61 and a beta of 1.44. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. Iberiabank has a one year low of $68.55 and a one year high of $87.55.
Iberiabank (NASDAQ:IBKC) last released its quarterly earnings results on Thursday, April 19th. The bank reported $1.37 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 analyst estimates of $285.71 million. Iberiabank had a return on equity of 7.39% and a net margin of 12.96%. The business’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the firm posted $1.02 earnings per share.
A number of hedge funds have recently bought and sold shares of IBKC. Lido Advisors LLC purchased a new stake in Iberiabank during the 1st quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Iberiabank by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,012 shares of the bank’s stock worth $233,000 after purchasing an additional 879 shares during the last quarter. Bank of Montreal Can increased its holdings in Iberiabank by 139.9% during the 4th quarter. Bank of Montreal Can now owns 3,076 shares of the bank’s stock worth $239,000 after purchasing an additional 1,794 shares during the last quarter. Cim Investment Mangement Inc. purchased a new stake in Iberiabank during the 1st quarter worth approximately $255,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Iberiabank during the 1st quarter worth approximately $273,000. Institutional investors own 81.51% of the company’s stock.
Iberiabank Company Profile
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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