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.

IBKC has been the topic of a number of recent analyst reports. SunTrust Banks raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Zacks Investment Research raised shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Thursday, September 28th. ValuEngine raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Jefferies Group raised shares of IBERIABANK from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $94.00 in a research note on Monday, October 9th. Finally, Stephens cut shares of IBERIABANK from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $89.27.

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.

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About IBERIABANK

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.

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Earnings History and Estimates for IBERIABANK (NASDAQ:IBKC)

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