FY2018 EPS Estimates for IBERIABANK Corporation (IBKC) Boosted by Jefferies Group

IBERIABANK Corporation (NASDAQ:IBKC) – Research analysts at Jefferies Group upped their FY2018 EPS estimates for IBERIABANK Corporation in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $5.85 for the year, up from their prior forecast of $5.80. Jefferies Group currently has a “Buy” rating and a $94.00 target price on the stock. Jefferies Group also issued estimates for IBERIABANK Corporation’s FY2019 earnings at $6.30 EPS.

IBERIABANK Corporation (NASDAQ:IBKC) last posted its earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 6.86%. The firm had revenue of $239.61 million during the quarter, compared to the consensus estimate of $236.73 million.

ILLEGAL ACTIVITY NOTICE: “FY2018 EPS Estimates for IBERIABANK Corporation (IBKC) Boosted by Jefferies Group” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/fy2018-eps-estimates-for-iberiabank-corporation-ibkc-boosted-by-jefferies-group.html.

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of IBERIABANK Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Monday, July 3rd. Stephens set a $95.00 price objective on shares of IBERIABANK Corporation and gave the company a “buy” rating in a research report on Saturday, July 22nd. JMP Securities boosted their price objective on shares of IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies raised shares of IBERIABANK Corporation from a “neutral” rating to an “overweight” rating and set a $89.00 price objective for the company in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $90.82.

IBERIABANK Corporation (NASDAQ IBKC) traded up 0.18% during trading on Tuesday, reaching $82.60. The company’s stock had a trading volume of 80,848 shares. IBERIABANK Corporation has a one year low of $62.66 and a one year high of $91.10. The stock has a 50-day moving average of $77.42 and a 200 day moving average of $79.04. The firm has a market capitalization of $4.43 billion, a P/E ratio of 20.13 and a beta of 1.32.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.37 dividend. This is a positive change from IBERIABANK Corporation’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, September 28th. IBERIABANK Corporation’s dividend payout ratio is currently 36.01%.

In related news, Director Ernest P. Breaux, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $78.18, for a total value of $390,900.00. Following the completion of the sale, the director now owns 27,963 shares in the company, valued at approximately $2,186,147.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John R. Davis sold 6,141 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.12, for a total transaction of $492,016.92. Following the completion of the sale, the insider now owns 60,553 shares of the company’s stock, valued at approximately $4,851,506.36. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV increased its stake in IBERIABANK Corporation by 0.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,185 shares of the bank’s stock valued at $260,000 after buying an additional 14 shares during the period. PNC Financial Services Group Inc. increased its stake in IBERIABANK Corporation by 0.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,138 shares of the bank’s stock valued at $248,000 after buying an additional 20 shares during the period. IFP Advisors Inc increased its stake in IBERIABANK Corporation by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 2,815 shares of the bank’s stock valued at $229,000 after buying an additional 20 shares during the period. US Bancorp DE increased its stake in IBERIABANK Corporation by 1.4% in the 1st quarter. US Bancorp DE now owns 2,851 shares of the bank’s stock valued at $225,000 after buying an additional 38 shares during the period. Finally, Summit Financial Wealth Advisors LLC increased its stake in IBERIABANK Corporation by 0.6% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 9,309 shares of the bank’s stock valued at $759,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 81.11% of the company’s stock.

IBERIABANK Corporation 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 ta

IBERIABANK Corporation (NASDAQ:IBKC) – Research analysts at Jefferies Group upped their FY2018 EPS estimates for IBERIABANK Corporation in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $5.85 for the year, up from their prior forecast of $5.80. Jefferies Group currently has a “Buy” rating and a $94.00 target price on the stock. Jefferies Group also issued estimates for IBERIABANK Corporation’s FY2019 earnings at $6.30 EPS.

IBERIABANK Corporation (NASDAQ:IBKC) last posted its earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 6.86%. The firm had revenue of $239.61 million during the quarter, compared to the consensus estimate of $236.73 million.

ILLEGAL ACTIVITY NOTICE: “FY2018 EPS Estimates for IBERIABANK Corporation (IBKC) Boosted by Jefferies Group” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/fy2018-eps-estimates-for-iberiabank-corporation-ibkc-boosted-by-jefferies-group.html.

A number of other equities analysts have also commented on the stock. BidaskClub lowered shares of IBERIABANK Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Monday, July 3rd. Stephens set a $95.00 price objective on shares of IBERIABANK Corporation and gave the company a “buy” rating in a research report on Saturday, July 22nd. JMP Securities boosted their price objective on shares of IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies raised shares of IBERIABANK Corporation from a “neutral” rating to an “overweight” rating and set a $89.00 price objective for the company in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $90.82.

IBERIABANK Corporation (NASDAQ IBKC) traded up 0.18% during trading on Tuesday, reaching $82.60. The company’s stock had a trading volume of 80,848 shares. IBERIABANK Corporation has a one year low of $62.66 and a one year high of $91.10. The stock has a 50-day moving average of $77.42 and a 200 day moving average of $79.04. The firm has a market capitalization of $4.43 billion, a P/E ratio of 20.13 and a beta of 1.32.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.37 dividend. This is a positive change from IBERIABANK Corporation’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, September 28th. IBERIABANK Corporation’s dividend payout ratio is currently 36.01%.

In related news, Director Ernest P. Breaux, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $78.18, for a total value of $390,900.00. Following the completion of the sale, the director now owns 27,963 shares in the company, valued at approximately $2,186,147.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John R. Davis sold 6,141 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.12, for a total transaction of $492,016.92. Following the completion of the sale, the insider now owns 60,553 shares of the company’s stock, valued at approximately $4,851,506.36. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV increased its stake in IBERIABANK Corporation by 0.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 3,185 shares of the bank’s stock valued at $260,000 after buying an additional 14 shares during the period. PNC Financial Services Group Inc. increased its stake in IBERIABANK Corporation by 0.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,138 shares of the bank’s stock valued at $248,000 after buying an additional 20 shares during the period. IFP Advisors Inc increased its stake in IBERIABANK Corporation by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 2,815 shares of the bank’s stock valued at $229,000 after buying an additional 20 shares during the period. US Bancorp DE increased its stake in IBERIABANK Corporation by 1.4% in the 1st quarter. US Bancorp DE now owns 2,851 shares of the bank’s stock valued at $225,000 after buying an additional 38 shares during the period. Finally, Summit Financial Wealth Advisors LLC increased its stake in IBERIABANK Corporation by 0.6% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 9,309 shares of the bank’s stock valued at $759,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 81.11% of the company’s stock.

IBERIABANK Corporation 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.

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

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