FIG Partners Weighs in on IBERIABANK Corp’s Q1 2017 Earnings (IBKC)

IBERIABANK Corp (NASDAQ:IBKC) – Analysts at FIG Partners issued their Q1 2017 earnings per share (EPS) estimates for shares of IBERIABANK Corp in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. FIG Partners analyst C. Marinac anticipates that the bank will post earnings of $0.97 per share for the quarter. FIG Partners also issued estimates for IBERIABANK Corp’s Q2 2017 earnings at $0.97 EPS, Q3 2017 earnings at $1.12 EPS, Q4 2017 earnings at $1.19 EPS, FY2017 earnings at $4.25 EPS, Q1 2018 earnings at $1.31 EPS, Q2 2018 earnings at $1.40 EPS, Q3 2018 earnings at $1.52 EPS, Q4 2018 earnings at $1.58 EPS and FY2018 earnings at $5.80 EPS.

Other research analysts have also recently issued research reports about the stock. Piper Jaffray Companies cut shares of IBERIABANK Corp from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $89.00 in a report on Wednesday, March 1st. JMP Securities raised shares of IBERIABANK Corp from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a report on Friday, March 10th. Keefe, Bruyette & Woods set a $90.00 price objective on shares of IBERIABANK Corp and gave the company a “buy” rating in a report on Monday, April 3rd. Finally, Zacks Investment Research raised shares of IBERIABANK Corp from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, February 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $78.11.

Earnings History and Estimates for IBERIABANK Corp (NASDAQ:IBKC)

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Shares of IBERIABANK Corp (NASDAQ:IBKC) remained flat at $79.35 during midday trading on Thursday. 714,212 shares of the company’s stock were exchanged. IBERIABANK Corp has a 52 week low of $55.15 and a 52 week high of $91.10. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.44 and a beta of 1.22. The firm’s 50 day moving average price is $78.14 and its 200-day moving average price is $79.47.

IBERIABANK Corp (NASDAQ:IBKC) last announced its earnings results on Thursday, April 27th. The bank reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The business earned $220.16 million during the quarter, compared to analyst estimates of $219.98 million. IBERIABANK Corp had a net margin of 19.65% and a return on equity of 7.65%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. IBERIABANK Corp’s dividend payout ratio is currently 33.49%.

In related news, EVP Haddon Spurgeon Mackie, Jr. sold 1,490 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $79.93, for a total transaction of $119,095.70. Following the completion of the sale, the executive vice president now owns 13,912 shares of the company’s stock, valued at approximately $1,111,986.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.17% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Seven Eight Capital LP acquired a new stake in shares of IBERIABANK Corp during the fourth quarter valued at about $168,000. Advisor Group Inc. boosted its stake in shares of IBERIABANK Corp by 0.9% in the third quarter. Advisor Group Inc. now owns 2,165 shares of the bank’s stock valued at $145,000 after buying an additional 20 shares in the last quarter. Pacad Investment Ltd. boosted its stake in shares of IBERIABANK Corp by 130.0% in the fourth quarter. Pacad Investment Ltd. now owns 2,300 shares of the bank’s stock valued at $193,000 after buying an additional 1,300 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of IBERIABANK Corp during the third quarter valued at about $210,000. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of IBERIABANK Corp by 0.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 3,157 shares of the bank’s stock valued at $264,000 after buying an additional 17 shares in the last quarter. 75.99% of the stock is owned by institutional investors.

IBERIABANK Corp Company Profile

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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