The stock of IBERIABANK Corp (NASDAQ:IBKC) is a huge mover today! About 333,672 shares traded hands or 4.22% up from the average. IBERIABANK Corp (NASDAQ:IBKC) has risen 34.50% since March 3, 2016 and is uptrending. It has outperformed by 26.16% the S&P500.
The move comes after 7 months positive chart setup for the $2.97 billion company. It was reported on Oct, 6 by Barchart.com. We have $105.02 PT which if reached, will make NASDAQ:IBKC worth $1.49 billion more.
Analysts await IBERIABANK Corp (NASDAQ:IBKC) to report earnings on October, 19. They expect $1.20 EPS, up 12.15% or $0.13 from last year’s $1.07 per share. IBKC’s profit will be $50.91M for 14.59 P/E if the $1.20 EPS becomes a reality. After $1.18 actual EPS reported by IBERIABANK Corp for the previous quarter, Wall Street now forecasts 1.69% EPS growth.
IBERIABANK Corp (NASDAQ:IBKC) Ratings Coverage
Out of 8 analysts covering IberiaBank (NASDAQ:IBKC), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. IberiaBank has been the topic of 13 analyst reports since August 25, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of IBKC in a report on Wednesday, September 7 with “Outperform” rating. The stock of IBERIABANK Corp (NASDAQ:IBKC) earned “Outperform” rating by FBR Capital on Friday, April 29. Wood upgraded it to “Outperform” rating and $72 target price in Wednesday, August 17 report. FBR Capital initiated it with “Outperform” rating and $61 target price in Thursday, March 31 report. The stock has “Neutral” rating given by Piper Jaffray on Thursday, January 7. Sandler O’Neill downgraded the shares of IBKC in a report on Tuesday, September 13 to “Hold” rating. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Buy” rating given on Thursday, October 1 by Sandler O’Neill. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Market Perform” rating given on Tuesday, January 19 by Hovde Group. The firm has “Mkt Perform” rating given on Tuesday, August 25 by Raymond James.
According to Zacks Investment Research, “IBERIABANK Corporation is a commercial bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q2. Its down 0.07, from 1.39 in 2016Q1. The ratio dived, as 18 funds sold all IBERIABANK Corp shares owned while 57 reduced positions. 29 funds bought stakes while 70 increased positions. They now own 32.06 million shares or 3.79% more from 30.89 million shares in 2016Q1.
Keeley Asset Management Corp has 431,278 shares for 1.07% of their US portfolio. Hancock has 0.04% invested in the company for 14,375 shares. Employees Retirement Association Of Colorado has 7,456 shares for 0% of their US portfolio. Archford Capital Strategies Ltd Limited Liability Company reported 56 shares or 0% of all its holdings. Dreman Value Mngmt L L C owns 166 shares or 0.01% of their US portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in IBERIABANK Corp (NASDAQ:IBKC) for 1,227 shares. City Holding Company holds 0.02% or 625 shares in its portfolio. Renaissance Techs Limited Liability Corp reported 193,300 shares or 0.02% of all its holdings. Blackrock Mgmt Ltd Liability Corp accumulated 0.01% or 177,061 shares. Regions Fincl has 4,903 shares for 0% of their US portfolio. California State Teachers Retirement holds 0.01% or 86,019 shares in its portfolio. State Board Of Administration Of Florida Retirement accumulated 0% or 13,660 shares. National Bank & Trust Of Montreal Can holds 0% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC) for 24,920 shares. Credit Suisse Ag accumulated 46,368 shares or 0% of the stock. Voya Inv Management Ltd Liability Corporation holds 15,285 shares or 0% of its portfolio.
Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 3 insider sales for $981,948 net activity. Shares for $582,251 were sold by DAVIS JOHN R on Monday, September 19. The insider Restel Anthony J sold $231,333. Another trade for 2,455 shares valued at $168,364 was made by ARDOIN ELIZABETH A on Friday, September 2.
More news for IBERIABANK Corp (NASDAQ:IBKC) were recently published by: Prnewswire.com, which released: “IBERIABANK Corporation Names Rick E. Maples And Dr. Eli Jones To Board Of …” on June 27, 2016. Prnewswire.com‘s article titled: “IBERIABANK Corporation Completes Acquisition of Georgia Commerce Bancshares, Inc.” and published on June 01, 2015 is yet another important article.
IBKC Company Profile
IBERIABANK Corporation, incorporated on November 21, 1994, is a financial holding company. The Firm is the holding firm for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners, LLC, a corporate finance services firm (ICP); 1887 Leasing, LLC, a holding firm for its aircraft; IBERIA Asset Management, Inc. (IAM), which provides wealth management and trust services to high net worth individuals, pension funds, firms and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE L.L.C. (CDE), which invests in purchased tax credits. IBERIABANK offers commercial and retail banking services and products to clients throughout locations in over seven states, including Louisiana, Alabama, Florida, Arkansas, Tennessee, and Texas. It operates over 320 combined offices, including over 220 bank branch offices and over three loan production offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas; over 20 title insurance offices in Arkansas and Louisiana; mortgage representatives in over 70 locations in over 10 states; over eight wealth management locations in over five states, and one IBERIA Capital Partners L.L.C. office in Louisiana.
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