FIG Partners Analysts Lift Earnings Estimates for Iberiabank (IBKC)

Iberiabank (NASDAQ:IBKC) – FIG Partners boosted their Q2 2018 earnings per share (EPS) estimates for Iberiabank in a note issued to investors on Tuesday, May 15th. FIG Partners analyst C. Marinac now forecasts that the bank will post earnings of $1.58 per share for the quarter, up from their prior forecast of $1.55. FIG Partners also issued estimates for Iberiabank’s Q4 2018 earnings at $1.69 EPS, FY2018 earnings at $6.25 EPS, Q2 2019 earnings at $1.68 EPS, Q4 2019 earnings at $1.79 EPS and FY2019 earnings at $6.75 EPS.

Iberiabank (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, April 19th. The bank reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.05). Iberiabank had a net margin of 12.96% and a return on equity of 7.39%. The business had revenue of $277.50 million during the quarter, compared to analyst estimates of $285.71 million. During the same period last year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was up 27.4% on a year-over-year basis.

Other research analysts have also issued reports about the stock. Piper Jaffray set a $95.00 price target on shares of Iberiabank and gave the company a “buy” rating in a report on Monday, January 29th. Zacks Investment Research upgraded shares of Iberiabank from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Tuesday, February 20th. Finally, BidaskClub downgraded shares of Iberiabank from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.50.

NASDAQ IBKC opened at $79.55 on Thursday. Iberiabank has a one year low of $78.20 and a one year high of $78.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4.44 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44.

A number of large investors have recently modified their holdings of the stock. Highbridge Capital Management LLC lifted its position in Iberiabank by 20.8% in the 1st quarter. Highbridge Capital Management LLC now owns 122,000 shares of the bank’s stock valued at $9,516,000 after purchasing an additional 21,000 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Iberiabank by 424.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 16,055 shares of the bank’s stock valued at $1,252,000 after purchasing an additional 12,992 shares during the last quarter. Guggenheim Capital LLC lifted its position in Iberiabank by 8.5% in the 1st quarter. Guggenheim Capital LLC now owns 115,124 shares of the bank’s stock valued at $8,980,000 after purchasing an additional 9,020 shares during the last quarter. Jane Street Group LLC lifted its position in Iberiabank by 38.3% in the 1st quarter. Jane Street Group LLC now owns 4,337 shares of the bank’s stock valued at $338,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Barclays PLC lifted its position in Iberiabank by 26.1% in the 1st quarter. Barclays PLC now owns 21,764 shares of the bank’s stock valued at $1,697,000 after purchasing an additional 4,506 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Investors of record on Friday, March 30th were given a $0.38 dividend. The ex-dividend date was Wednesday, March 28th. This is an increase from Iberiabank’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a yield of 1.91%. Iberiabank’s dividend payout ratio (DPR) is currently 34.00%.

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.

Earnings History and Estimates for Iberiabank (NASDAQ:IBKC)

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