The stock of IBERIABANK Corp (NASDAQ:IBKC) reached all time high today, Nov, 30 and still has $86.13 target or 4.00% above today’s $82.82 share price. This indicates more upside for the $3.43B company. This technical setup was reported by Barchart.com. If the $86.13 PT is reached, the company will be worth $137.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 70,669 shares traded hands. IBERIABANK Corp (NASDAQ:IBKC) has risen 41.55% since April 27, 2016 and is uptrending. It has outperformed by 36.33% the S&P500.
Analysts await IBERIABANK Corp (NASDAQ:IBKC) to report earnings on January, 25. They expect $1.15 EPS, up 3.60% or $0.04 from last year’s $1.11 per share. IBKC’s profit will be $47.63 million for 18.00 P/E if the $1.15 EPS becomes a reality. After $1.08 actual EPS reported by IBERIABANK Corp for the previous quarter, Wall Street now forecasts 6.48% EPS growth.
IBERIABANK Corp (NASDAQ:IBKC) Ratings Coverage
Out of 8 analysts covering IberiaBank (NASDAQ:IBKC), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. IberiaBank has been the topic of 15 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of IBERIABANK Corp (NASDAQ:IBKC) earned “Outperform” rating by FBR Capital on Friday, April 29. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Outperform” rating given on Thursday, March 31 by FBR Capital. On Thursday, October 27 the stock rating was downgraded by Raymond James to “Outperform”. Wood upgraded IBERIABANK Corp (NASDAQ:IBKC) on Wednesday, August 17 to “Outperform” rating. The firm earned “Neutral” rating on Thursday, January 7 by Piper Jaffray. The firm has “Outperform” rating by FBR Capital given on Wednesday, September 7. Piper Jaffray upgraded the shares of IBKC in a report on Friday, October 7 to “Overweight” rating. The rating was upgraded by Sandler O’Neill on Thursday, October 1 to “Buy”. The company was upgraded on Tuesday, August 25 by Raymond James. The firm has “Market Perform” rating by Hovde Group given on Tuesday, January 19.
According to Zacks Investment Research, “IBERIABANK Corporation is a commercial bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.21, from 1.32 in 2016Q1. The ratio worsened, 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.
Ascend Llc last reported 276,950 shares in the company. Walleye Trading Lc holds 251 shares or 0% of its portfolio. Financial Bank Of America De last reported 211,648 shares in the company. Northern Tru holds 855,452 shares or 0.02% of its portfolio. Estabrook Cap Management, a New York-based fund reported 1,924 shares. National Bank & Trust Of Nova Scotia has 0.02% invested in the company for 56,159 shares. California Public Employees Retirement Systems has invested 0.01% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Johnson Counsel last reported 506,807 shares in the company. Teachers holds 0.04% or 353,646 shares in its portfolio. The California-based Los Angeles Cap Mngmt & Equity Rech has invested 0% in IBERIABANK Corp (NASDAQ:IBKC). Hancock Hldg Co has invested 0.04% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Ladenburg Thalmann Ser last reported 0% of its portfolio in the stock. Piermont Capital owns 44,454 shares or 0.69% of their US portfolio. Monarch Partners Asset Mngmt Llc accumulated 1.91% or 318,446 shares. Cornercap Invest Counsel holds 9,975 shares or 0.11% of its portfolio.
Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 7 selling transactions for $4.03 million net activity. 13,256 IBERIABANK Corp (NASDAQ:IBKC) shares with value of $994,200 were sold by BYRD DARYL G. MACKIE HADDON SPURGEON JR had sold 1,501 shares worth $121,457. 8,560 IBERIABANK Corp (NASDAQ:IBKC) shares with value of $582,251 were sold by DAVIS JOHN R. Restel Anthony J also sold $231,333 worth of IBERIABANK Corp (NASDAQ:IBKC) on Monday, August 29. ARDOIN ELIZABETH A sold 2,455 shares worth $168,364.
Another recent and important IBERIABANK Corp (NASDAQ:IBKC) news was published by Prnewswire.com which published an article titled: “IBERIABANK Corporation Names Rick E. Maples And Dr. Eli Jones To Board Of …” on June 27, 2016.
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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