News articles about IBERIABANK (NASDAQ:IBKC) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IBERIABANK earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.4148414795913 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- IBERIABANK Corp (IBKC) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- FIG Partners Analysts Increase Earnings Estimates for IBERIABANK Corp (IBKC) (americanbankingnews.com)
- Q2 2018 EPS Estimates for IBERIABANK Corp Decreased by Analyst (IBKC) (americanbankingnews.com)
- Equities Analysts Issue Forecasts for IBERIABANK Corp’s Q1 2018 Earnings (IBKC) (americanbankingnews.com)
- Q2 2018 EPS Estimates for IBERIABANK Corp Lowered by SunTrust Banks (IBKC) (americanbankingnews.com)
IBKC has been the topic of a number of research reports. SunTrust Banks upgraded IBERIABANK from a “hold” rating to a “buy” rating in a report on Tuesday, November 28th. Zacks Investment Research upgraded IBERIABANK from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Thursday, September 28th. ValuEngine upgraded IBERIABANK from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Jefferies Group upgraded 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 report on Monday, October 9th. Finally, Stephens cut IBERIABANK from an “overweight” rating to an “equal weight” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.27.
IBERIABANK (NASDAQ:IBKC) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). IBERIABANK had a return on equity of 2.97% and a net margin of 10.98%. The business had revenue of $270.19 million for the quarter, compared to analysts’ expectations of $276.02 million. During the same period in the prior year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. analysts forecast that IBERIABANK will post 4.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, December 28th. IBERIABANK’s dividend payout ratio (DPR) is currently 42.05%.
In other news, Director William H. Fenstermaker bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $71.81 per share, with a total value of $179,525.00. Following the transaction, the director now owns 43,242 shares of the company’s stock, valued at approximately $3,105,208.02. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John R. Davis sold 3,263 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $74.24, for a total value of $242,245.12. Following the completion of the transaction, the insider now directly owns 57,886 shares in the company, valued at $4,297,456.64. The disclosure for this sale can be found here. Company insiders own 2.52% of the company’s stock.
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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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