IBERIABANK Corp (NASDAQ:IBKC) – Analysts at Jefferies Financial Group increased their FY2018 EPS estimates for IBERIABANK in a research report issued to clients and investors on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $6.62 for the year, up from their prior estimate of $6.54. Jefferies Financial Group also issued estimates for IBERIABANK’s Q4 2018 earnings at $1.79 EPS.
Several other equities research analysts also recently issued reports on the company. Stephens set a $91.00 price objective on IBERIABANK and gave the company a “hold” rating in a report on Friday, October 19th. BidaskClub downgraded IBERIABANK from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 24th. ValuEngine raised IBERIABANK from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research raised IBERIABANK from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, September 25th. Finally, Hovde Group raised IBERIABANK from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $82.00 to $86.00 in a research report on Friday, November 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $83.25.
Shares of NASDAQ:IBKC opened at $70.32 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.87 billion, a PE ratio of 15.73, a PEG ratio of 1.21 and a beta of 1.36. IBERIABANK has a 1 year low of $60.82 and a 1 year high of $87.55.
IBERIABANK (NASDAQ:IBKC) last announced its quarterly earnings results on Friday, October 19th. The bank reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.06. The company had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $311.77 million. IBERIABANK had a return on equity of 9.38% and a net margin of 18.32%. IBERIABANK’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in IBERIABANK in the third quarter valued at approximately $105,000. PNC Financial Services Group Inc. raised its stake in IBERIABANK by 85.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,573 shares of the bank’s stock valued at $128,000 after purchasing an additional 727 shares during the period. Belpointe Asset Management LLC acquired a new stake in IBERIABANK during the 3rd quarter valued at $153,000. Valeo Financial Advisors LLC increased its stake in shares of IBERIABANK by 127.2% in the third quarter. Valeo Financial Advisors LLC now owns 2,079 shares of the bank’s stock worth $155,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Stokes & Hubbell Capital Management LLC acquired a new position in shares of IBERIABANK in the third quarter worth $205,000. 87.29% of the stock is currently owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, December 28th. This is a boost from IBERIABANK’s previous quarterly dividend of $0.39. IBERIABANK’s payout ratio is currently 36.69%.
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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