$286.28 Million in Sales Expected for IBERIABANK Corp (IBKC) This Quarter
Analysts predict that IBERIABANK Corp (NASDAQ:IBKC) will post sales of $286.28 million for the current quarter, according to Zacks. Five analysts have issued estimates for IBERIABANK’s earnings. The highest sales estimate is $288.00 million and the lowest is $284.00 million. IBERIABANK posted sales of $214.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.2%. The firm is expected to report its next earnings report on Thursday, January 25th.
On average, analysts expect that IBERIABANK will report full-year sales of $286.28 million for the current fiscal year, with estimates ranging from $1.01 billion to $1.03 billion. For the next year, analysts anticipate that the company will post sales of $1.24 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow IBERIABANK.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.13). IBERIABANK had a return on equity of 6.57% and a net margin of 17.14%. The company had revenue of $270.19 million for the quarter, compared to analyst estimates of $276.02 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year.
IBERIABANK (IBKC) opened at $79.25 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 0.91. IBERIABANK has a 12 month low of $68.55 and a 12 month high of $87.55. The firm has a market cap of $4,239.57, a price-to-earnings ratio of 18.39, a PEG ratio of 2.31 and a beta of 1.37.
In other news, Director William H. Fenstermaker bought 2,500 shares of IBERIABANK stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $71.81 per share, for a total transaction of $179,525.00. Following the acquisition, the director now owns 43,242 shares in the company, valued at $3,105,208.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest P. Breaux, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $78.18, for a total transaction of $390,900.00. Following the completion of the transaction, the director now owns 27,963 shares in the company, valued at $2,186,147.34. The disclosure for this sale can be found here. 3.17% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in IBKC. Canada Pension Plan Investment Board purchased a new position in IBERIABANK in the 3rd quarter valued at about $107,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in IBERIABANK by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,133 shares of the bank’s stock valued at $174,000 after purchasing an additional 234 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in IBERIABANK in the 2nd quarter valued at about $183,000. Nomura Holdings Inc. purchased a new position in IBERIABANK in the 2nd quarter valued at about $205,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in IBERIABANK by 0.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,185 shares of the bank’s stock valued at $260,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “$286.28 Million in Sales Expected for IBERIABANK Corp (IBKC) This Quarter” was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/286-28-million-in-sales-expected-for-iberiabank-corp-ibkc-this-quarter/1772180.html.
IBERIABANK Corporation is a financial holding company. The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc (IAM), which provides wealth management and trust advisory services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE, LLC (CDE), which invests in purchased tax credits.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IBERIABANK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBERIABANK and related companies with MarketBeat.com's FREE daily email newsletter.