A number of other equities research analysts also recently commented on IBKC. BidaskClub downgraded shares of IBERIABANK from a sell rating to a strong sell rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of IBERIABANK from a hold rating to a buy rating and set a $94.00 target price on the stock in a research report on Tuesday, September 25th. Finally, ValuEngine raised shares of IBERIABANK from a sell rating to a hold rating in a research report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. IBERIABANK has an average rating of Hold and a consensus price target of $87.33.
NASDAQ:IBKC traded down $0.83 during mid-day trading on Tuesday, hitting $76.23. 314,925 shares of the company’s stock traded hands, compared to its average volume of 492,564. 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 1 year low of $68.55 and a 1 year high of $87.55. The company has a market capitalization of $4.27 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Monday, December 31st will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 28th. This is a boost from IBERIABANK’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a dividend yield of 2.15%. IBERIABANK’s dividend payout ratio (DPR) is currently 34.90%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its position in shares of IBERIABANK by 26.1% in the second quarter. Aperio Group LLC now owns 4,388 shares of the bank’s stock worth $333,000 after acquiring an additional 907 shares during the last quarter. LSV Asset Management lifted its position in IBERIABANK by 24.4% during the second quarter. LSV Asset Management now owns 103,400 shares of the bank’s stock valued at $7,837,000 after buying an additional 20,300 shares in the last quarter. Millennium Management LLC lifted its position in IBERIABANK by 25.2% during the second quarter. Millennium Management LLC now owns 2,277,140 shares of the bank’s stock valued at $172,607,000 after buying an additional 458,810 shares in the last quarter. Federated Investors Inc. PA lifted its position in IBERIABANK by 30.1% during the second quarter. Federated Investors Inc. PA now owns 533,358 shares of the bank’s stock valued at $40,429,000 after buying an additional 123,542 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its position in IBERIABANK by 31.0% during the third quarter. Summit Financial Wealth Advisors LLC now owns 12,331 shares of the bank’s stock valued at $957,000 after buying an additional 2,917 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.
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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