IBERIABANK Corporation (IBKC) Scheduled to Post Earnings on Thursday

IBERIABANK Corporation (NASDAQ:IBKC) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 19th. Analysts expect IBERIABANK Corporation to post earnings of $1.20 per share for the quarter.

IBERIABANK Corporation (NASDAQ:IBKC) last announced its earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). The company had revenue of $239.61 million for the quarter, compared to analysts’ expectations of $236.73 million. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 6.86%. On average, analysts expect IBERIABANK Corporation to post $4.61 EPS for the current fiscal year and $5.84 EPS for the next fiscal year.

IBERIABANK Corporation (NASDAQ IBKC) opened at 79.55 on Wednesday. The stock has a market cap of $4.27 billion, a PE ratio of 19.38 and a beta of 1.32. IBERIABANK Corporation has a 12 month low of $62.66 and a 12 month high of $91.10. The company’s 50 day moving average price is $78.13 and its 200 day moving average price is $79.21.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.86%. This is an increase from IBERIABANK Corporation’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, September 28th. IBERIABANK Corporation’s dividend payout ratio (DPR) is currently 36.01%.

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

TRADEMARK VIOLATION WARNING: “IBERIABANK Corporation (IBKC) Scheduled to Post Earnings on Thursday” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/18/iberiabank-corporation-ibkc-scheduled-to-post-earnings-on-thursday.html.

Several equities analysts have recently weighed in on IBKC shares. BidaskClub cut IBERIABANK Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Monday, July 3rd. Stephens set a $95.00 target price on IBERIABANK Corporation and gave the stock a “buy” rating in a report on Saturday, July 22nd. JMP Securities raised their target price on IBERIABANK Corporation from $94.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $89.00 target price on shares of IBERIABANK Corporation in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $90.82.

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

IBERIABANK Corporation (NASDAQ:IBKC) last announced its earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). The company had revenue of $239.61 million for the quarter, compared to analysts’ expectations of $236.73 million. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 6.86%. On average, analysts expect IBERIABANK Corporation to post $4.61 EPS for the current fiscal year and $5.84 EPS for the next fiscal year.

IBERIABANK Corporation (NASDAQ IBKC) opened at 79.55 on Wednesday. The stock has a market cap of $4.27 billion, a PE ratio of 19.38 and a beta of 1.32. IBERIABANK Corporation has a 12 month low of $62.66 and a 12 month high of $91.10. The company’s 50 day moving average price is $78.13 and its 200 day moving average price is $79.21.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.86%. This is an increase from IBERIABANK Corporation’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, September 28th. IBERIABANK Corporation’s dividend payout ratio (DPR) is currently 36.01%.

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

TRADEMARK VIOLATION WARNING: “IBERIABANK Corporation (IBKC) Scheduled to Post Earnings on Thursday” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/18/iberiabank-corporation-ibkc-scheduled-to-post-earnings-on-thursday.html.

Several equities analysts have recently weighed in on IBKC shares. BidaskClub cut IBERIABANK Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research raised IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Monday, July 3rd. Stephens set a $95.00 target price on IBERIABANK Corporation and gave the stock a “buy” rating in a report on Saturday, July 22nd. JMP Securities raised their target price on IBERIABANK Corporation from $94.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $89.00 target price on shares of IBERIABANK Corporation in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $90.82.

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 for IBERIABANK Corporation (NASDAQ:IBKC)

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