Equities research analysts expect IBERIABANK Corp (NASDAQ:IBKC) to post earnings per share (EPS) of $1.81 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for IBERIABANK’s earnings. The lowest EPS estimate is $1.75 and the highest is $1.84. IBERIABANK reported earnings per share of $1.71 in the same quarter last year, which suggests a positive year over year growth rate of 5.8%. The firm is expected to announce its next earnings results on Friday, July 19th.
On average, analysts expect that IBERIABANK will report full-year earnings of $7.17 per share for the current financial year, with EPS estimates ranging from $7.05 to $7.25. For the next year, analysts expect that the firm will post earnings of $7.47 per share, with EPS estimates ranging from $7.25 to $7.64. Zacks’ EPS averages are a mean average based on a survey of research firms that cover IBERIABANK.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.08. IBERIABANK had a net margin of 28.29% and a return on equity of 10.34%. The business had revenue of $302.99 million for the quarter, compared to the consensus estimate of $304.28 million. During the same period in the prior year, the business posted $1.37 earnings per share.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of IBERIABANK from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. BidaskClub raised shares of IBERIABANK from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine downgraded shares of IBERIABANK from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Raymond James set a $85.00 price target on shares of IBERIABANK and gave the stock a “buy” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.25.
In other IBERIABANK news, Director Harry V. Barton, Jr. sold 6,812 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $74.47, for a total transaction of $507,289.64. Following the transaction, the director now directly owns 29,158 shares of the company’s stock, valued at $2,171,396.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John E. Koerner III bought 13,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were acquired at an average cost of $74.81 per share, for a total transaction of $972,530.00. Following the completion of the transaction, the director now directly owns 7,800 shares of the company’s stock, valued at $583,518. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new position in IBERIABANK during the first quarter worth $30,000. Oppenheimer Asset Management Inc. acquired a new position in IBERIABANK during the fourth quarter worth $53,000. Toronto Dominion Bank bought a new stake in IBERIABANK during the fourth quarter valued at about $65,000. One Wealth Advisors LLC bought a new stake in IBERIABANK during the first quarter valued at about $73,000. Finally, PNC Financial Services Group Inc. boosted its holdings in IBERIABANK by 20.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,892 shares of the bank’s stock valued at $122,000 after acquiring an additional 319 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ IBKC traded up $0.34 during mid-day trading on Monday, reaching $74.96. The company had a trading volume of 519 shares, compared to its average volume of 328,388. IBERIABANK has a twelve month low of $60.82 and a twelve month high of $87.50. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.06 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.30 and a beta of 1.54.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, June 27th. IBERIABANK’s payout ratio is 25.71%.
IBERIABANK Company Profile
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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