IBERIABANK Corp (NASDAQ:IBKC) – Equities researchers at FIG Partners raised their Q3 2018 earnings estimates for shares of IBERIABANK in a research note issued to investors on Thursday, September 27th, according to Zacks Investment Research. FIG Partners analyst C. Marinac now anticipates that the bank will post earnings per share of $1.67 for the quarter, up from their prior estimate of $1.66. FIG Partners also issued estimates for IBERIABANK’s Q4 2018 earnings at $1.72 EPS, FY2018 earnings at $6.47 EPS, Q1 2019 earnings at $1.62 EPS, Q2 2019 earnings at $1.75 EPS, Q3 2019 earnings at $1.77 EPS, Q4 2019 earnings at $1.83 EPS and FY2019 earnings at $6.97 EPS.
Several other research analysts have also recently issued reports on IBKC. ValuEngine cut shares of IBERIABANK from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. BidaskClub raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. Finally, Zacks Investment Research raised shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $85.20.
IBERIABANK stock traded down $0.56 during trading hours on Friday, hitting $77.13. The stock had a trading volume of 607,005 shares, compared to its average volume of 374,177. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $4.56 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. IBERIABANK has a 12-month low of $68.55 and a 12-month high of $87.55.
IBERIABANK (NASDAQ:IBKC) last issued its earnings results on Friday, July 20th. The bank reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.12. The business had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $304.08 million. IBERIABANK had a net margin of 13.77% and a return on equity of 8.29%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new position in shares of IBERIABANK during the second quarter valued at approximately $117,000. Fox Run Management L.L.C. purchased a new stake in IBERIABANK during the third quarter valued at approximately $231,000. First Republic Investment Management Inc. purchased a new stake in IBERIABANK during the second quarter valued at approximately $224,000. Alpine Woods Capital Investors LLC purchased a new stake in IBERIABANK during the second quarter valued at approximately $258,000. Finally, Quantbot Technologies LP purchased a new stake in IBERIABANK during the first quarter valued at approximately $273,000. 87.50% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.02%. This is a boost from IBERIABANK’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 27th. IBERIABANK’s payout ratio is presently 34.90%.
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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