Analysts expect IBERIABANK Corp (NASDAQ:IBKC) to report $1.79 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for IBERIABANK’s earnings. The lowest EPS estimate is $1.74 and the highest is $1.81. IBERIABANK posted earnings per share of $1.74 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The business is scheduled to announce its next quarterly earnings report on Friday, October 18th.
According to Zacks, analysts expect that IBERIABANK will report full-year earnings of $7.13 per share for the current fiscal year, with EPS estimates ranging from $7.02 to $7.23. For the next financial year, analysts anticipate that the company will report earnings of $7.30 per share, with EPS estimates ranging from $7.15 to $7.50. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover IBERIABANK.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Friday, July 19th. The bank reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.05. IBERIABANK had a net margin of 29.38% and a return on equity of 10.33%. The business had revenue of $315.18 million during the quarter, compared to the consensus estimate of $313.34 million. During the same quarter last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year.
Several equities research analysts recently issued reports on IBKC shares. Stephens set a $89.00 price objective on IBERIABANK and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded IBERIABANK from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. SunTrust Banks cut their target price on IBERIABANK to $86.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. BidaskClub upgraded IBERIABANK from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Iberia Capital restated a “sell” rating on shares of IBERIABANK in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. IBERIABANK presently has a consensus rating of “Hold” and a consensus target price of $86.00.
In other IBERIABANK news, Vice Chairman Jefferson G. Parker sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $75.87, for a total value of $758,700.00. Following the transaction, the insider now owns 38,529 shares of the company’s stock, valued at $2,923,195.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth A. Ardoin sold 4,300 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $77.96, for a total value of $335,228.00. Following the completion of the transaction, the executive vice president now directly owns 39,435 shares in the company, valued at approximately $3,074,352.60. The disclosure for this sale can be found here. Insiders sold 34,862 shares of company stock valued at $2,669,593 over the last 90 days. 2.65% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of IBKC. 361 Capital LLC raised its stake in shares of IBERIABANK by 9.3% during the first quarter. 361 Capital LLC now owns 39,037 shares of the bank’s stock worth $2,799,000 after acquiring an additional 3,317 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in IBERIABANK during the 2nd quarter worth approximately $372,000. Rothschild & Co. Asset Management US Inc. lifted its position in IBERIABANK by 21.2% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 611,067 shares of the bank’s stock worth $43,820,000 after acquiring an additional 107,028 shares during the period. GAM Holding AG lifted its position in IBERIABANK by 108.4% during the 1st quarter. GAM Holding AG now owns 10,983 shares of the bank’s stock worth $788,000 after acquiring an additional 5,713 shares during the period. Finally, LSV Asset Management lifted its position in IBERIABANK by 54.8% during the 1st quarter. LSV Asset Management now owns 205,200 shares of the bank’s stock worth $14,714,000 after acquiring an additional 72,600 shares during the period. 83.77% of the stock is currently owned by institutional investors.
Shares of IBERIABANK stock traded up $1.41 during trading hours on Friday, hitting $70.04. The company’s stock had a trading volume of 342,800 shares, compared to its average volume of 304,448. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 1.22 and a beta of 1.49. IBERIABANK has a twelve month low of $60.82 and a twelve month high of $87.50. The firm has a fifty day moving average of $75.01 and a 200-day moving average of $75.60.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.57%. This is an increase from IBERIABANK’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, September 27th. IBERIABANK’s dividend payout ratio is 25.71%.
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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