IBERIABANK Corp (IBKC) Analysts See $1.10 EPS

July 17, 2017 - By Nellie Frank

 IBERIABANK Corp (IBKC) Analysts See $1.10 EPS
Investors sentiment increased to 1.47 in Q4 2016. Its up 0.36, from 1.11 in 2016Q3. It increased, as 18 investors sold IBERIABANK Corp shares while 70 reduced holdings. 53 funds opened positions while 76 raised stakes. 35.57 million shares or 10.14% more from 32.29 million shares in 2016Q3 were reported.
Carlson Cap L P, a Texas-based fund reported 93,595 shares. Systematic Finance Lp reported 241,410 shares. Ubs Oconnor Ltd Liability Corp accumulated 71,994 shares or 0% of the stock. Hodges Cap Mngmt reported 0.01% in IBERIABANK Corp (NASDAQ:IBKC). Comerica Bankshares reported 42,245 shares or 0.03% of all its holdings. Northern Corporation stated it has 895,621 shares or 0.02% of all its holdings. Alpine Woods Cap Ltd Llc reported 0.01% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Bank Of America Corp De has invested 0% in IBERIABANK Corp (NASDAQ:IBKC). Hgk Asset Mngmt Inc holds 7,288 shares or 0.08% of its portfolio. The Germany-based Deutsche Natl Bank Ag has invested 0% in IBERIABANK Corp (NASDAQ:IBKC). Gsa Prtnrs Limited Liability Partnership owns 5,142 shares for 0.03% of their portfolio. California State Teachers Retirement Sys has invested 0.02% in IBERIABANK Corp (NASDAQ:IBKC). Highland Management Lp holds 0.02% or 4,900 shares. Mutual Of America Capital Mgmt Lc owns 0% invested in IBERIABANK Corp (NASDAQ:IBKC) for 800 shares. Alliancebernstein Limited Partnership has 61,856 shares for 0% of their portfolio.

Since March 17, 2017, it had 0 buys, and 6 selling transactions for $5.60 million activity. DAVIS JOHN R sold $1.26 million worth of IBERIABANK Corp (NASDAQ:IBKC) on Tuesday, May 2. 4,147 shares valued at $334,456 were sold by SHEA E STEWART III on Monday, May 15. $1.58 million worth of stock was sold by Restel Anthony J on Wednesday, May 3. 1,490 shares were sold by MACKIE HADDON SPURGEON JR, worth $119,102. 25,000 shares were sold by BROWN MICHAEL J, worth $1.97M.

Analysts await IBERIABANK Corp (NASDAQ:IBKC) to report earnings on July, 26. They expect $1.10 earnings per share, down 6.78 % or $0.08 from last year’s $1.18 per share. IBKC’s profit will be $55.54 million for 18.36 P/E if the $1.10 EPS becomes a reality. After $1.02 actual earnings per share reported by IBERIABANK Corp for the previous quarter, Wall Street now forecasts 7.84 % EPS growth. The stock decreased 0.31% or $0.25 during the last trading session, reaching $80.8. About 342,589 shares traded. IBERIABANK Corp (NASDAQ:IBKC) has risen 31.12% since July 18, 2016 and is uptrending. It has outperformed by 14.42% the S&P500.

IBERIABANK Corp (NASDAQ:IBKC) Ratings Coverage

Among 11 analysts covering IberiaBank (NASDAQ:IBKC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. IberiaBank had 24 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital initiated it with “Outperform” rating and $61 target in Thursday, March 31 report. The firm earned “Neutral” rating on Wednesday, March 1 by Piper Jaffray. The company was downgraded on Thursday, October 27 by Raymond James. Piper Jaffray downgraded IBERIABANK Corp (NASDAQ:IBKC) on Thursday, January 7 to “Neutral” rating. As per Wednesday, August 17, the company rating was upgraded by Wood. The stock of IBERIABANK Corp (NASDAQ:IBKC) earned “Buy” rating by Sandler O’Neill on Thursday, October 1. The stock of IBERIABANK Corp (NASDAQ:IBKC) earned “Outperform” rating by FBR Capital on Friday, April 29. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, June 5 report. FBR Capital maintained IBERIABANK Corp (NASDAQ:IBKC) on Wednesday, September 7 with “Outperform” rating. Hovde Group upgraded the shares of IBKC in report on Tuesday, January 19 to “Market Perform” rating.

IBERIABANK Corporation is a financial holding company. The company has market cap of $4.08 billion. The Firm is a holding firm for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency ; IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding firm for its aircraft; IBERIA Asset Management, Inc. (IAM), which provides wealth management and trust advisory services to high net worth individuals, pension funds, firms and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE, LLC (CDE), which invests in purchased tax credits. It has a 18.66 P/E ratio. IBERIABANK offers commercial and retail banking services and products.

More recent IBERIABANK Corp (NASDAQ:IBKC) news were published by: Nasdaq.com which released: “IBERIABANK (IBKC) Shares Cross Below 200 DMA” on June 22, 2017. Also Nasdaq.com published the news titled: “Iberiabank Corp Buys Consolidated Edison Inc, Philip Morris International Inc …” on July 11, 2017. Nasdaq.com‘s news article titled: “IBERIABANK Corp’s 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred …” with publication date: July 11, 2017 was also an interesting one.

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