IBERIABANK Corp (NASDAQ:IBKC) – Equities researchers at FIG Partners raised their Q2 2018 earnings estimates for shares of IBERIABANK in a report issued on Monday. FIG Partners analyst C. Marinac now forecasts that the bank will post earnings per share of $1.49 for the quarter, up from their previous forecast of $1.36. FIG Partners also issued estimates for IBERIABANK’s Q3 2018 earnings at $1.60 EPS, FY2018 earnings at $6.15 EPS and FY2019 earnings at $6.70 EPS.

IBKC has been the subject of a number of other reports. SunTrust Banks raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a report on Tuesday, November 28th. ValuEngine cut shares of IBERIABANK from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Jefferies Group raised shares of IBERIABANK from a “hold” rating to a “buy” rating and upped their target price for the company from $89.00 to $94.00 in a report on Monday, October 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $89.00 target price on shares of IBERIABANK in a report on Thursday, October 5th. Finally, Zacks Investment Research raised shares of IBERIABANK from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $89.82.

Shares of IBERIABANK (NASDAQ IBKC) traded down $0.15 on Wednesday, reaching $86.00. 80,020 shares of the company were exchanged, compared to its average volume of 434,851. IBERIABANK has a 52-week low of $68.55 and a 52-week high of $87.55. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4,640.00, a PE ratio of 34.21, a PEG ratio of 1.70 and a beta of 1.40.

IBERIABANK (NASDAQ:IBKC) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. IBERIABANK had a net margin of 12.66% and a return on equity of 6.92%. The firm had revenue of $290.16 million during the quarter, compared to analysts’ expectations of $285.17 million. During the same period in the previous year, the company earned $1.16 earnings per share. IBERIABANK’s quarterly revenue was up 35.0% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.48 annualized dividend and a yield of 1.72%. IBERIABANK’s dividend payout ratio is currently 58.73%.

In related news, insider John R. Davis sold 3,263 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $74.24, for a total transaction of $242,245.12. Following the completion of the transaction, the insider now directly owns 57,886 shares of the company’s stock, valued at $4,297,456.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Fenstermaker purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $71.81 per share, with a total value of $179,525.00. Following the completion of the acquisition, the director now directly owns 43,242 shares of the company’s stock, valued at $3,105,208.02. The disclosure for this purchase can be found here. Corporate insiders own 3.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its holdings in IBERIABANK by 4.7% during the fourth quarter. Comerica Bank now owns 61,095 shares of the bank’s stock worth $5,053,000 after purchasing an additional 2,762 shares in the last quarter. Victory Capital Management Inc. raised its holdings in IBERIABANK by 27.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,093,514 shares of the bank’s stock worth $84,748,000 after purchasing an additional 236,669 shares in the last quarter. Quantitative Systematic Strategies LLC raised its holdings in IBERIABANK by 160.3% during the fourth quarter. Quantitative Systematic Strategies LLC now owns 25,758 shares of the bank’s stock worth $1,996,000 after purchasing an additional 15,861 shares in the last quarter. Seaward Management Limited Partnership raised its holdings in IBERIABANK by 1.3% during the fourth quarter. Seaward Management Limited Partnership now owns 217,797 shares of the bank’s stock worth $16,879,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in IBERIABANK by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,012 shares of the bank’s stock worth $233,000 after purchasing an additional 879 shares in the last quarter. 80.71% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Analysts Offer Predictions for IBERIABANK Corp’s Q2 2018 Earnings (IBKC)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.watchlistnews.com/analysts-offer-predictions-for-iberiabank-corps-q2-2018-earnings-ibkc/1840220.html.

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.

Earnings History and Estimates for IBERIABANK (NASDAQ:IBKC)

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.