BidaskClub lowered shares of IBERIABANK (NASDAQ:IBKC) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Several other research firms have also recently weighed in on IBKC. Zacks Investment Research cut shares of IBERIABANK from a buy rating to a hold rating and set a $95.00 price target on the stock. in a report on Friday, August 3rd. ValuEngine upgraded shares of IBERIABANK from a sell rating to a hold rating in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. IBERIABANK currently has an average rating of Hold and a consensus target price of $86.67.

Shares of NASDAQ IBKC opened at $82.20 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. IBERIABANK has a 52 week low of $68.55 and a 52 week high of $87.55. The firm has a market capitalization of $4.70 billion, a P/E ratio of 18.39, a PEG ratio of 1.60 and a beta of 1.41.

IBERIABANK (NASDAQ:IBKC) last issued its earnings results on Friday, July 20th. The bank reported $1.71 EPS for the quarter, topping the consensus estimate of $1.59 by $0.12. IBERIABANK had a net margin of 13.77% and a return on equity of 8.29%. The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $304.08 million. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. analysts anticipate that IBERIABANK will post 6.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, September 28th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.56 annualized dividend and a yield of 1.90%. This is a boost from IBERIABANK’s previous quarterly dividend of $0.38. IBERIABANK’s payout ratio is 34.00%.

Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new stake in IBERIABANK in the second quarter valued at $117,000. First Republic Investment Management Inc. bought a new stake in shares of IBERIABANK during the 2nd quarter valued at $224,000. Alpine Woods Capital Investors LLC bought a new stake in shares of IBERIABANK during the 2nd quarter valued at $258,000. Quantbot Technologies LP bought a new stake in shares of IBERIABANK during the 1st quarter valued at $273,000. Finally, Advisors Capital Management LLC bought a new stake in shares of IBERIABANK during the 2nd quarter valued at $304,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

About IBERIABANK

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.

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Analyst Recommendations for IBERIABANK (NASDAQ:IBKC)

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