Media headlines about IBERIABANK (NASDAQ:IBKC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. IBERIABANK earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.1937791061125 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- ETFs with exposure to IBERIABANK Corp. : December 5, 2017 (finance.yahoo.com)
- IBERIABANK Corp. :IBKC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 4, 2017 (finance.yahoo.com)
- IBKC Crosses Above Key Moving Average Level (nasdaq.com)
- Zacks: Brokerages Expect IBERIABANK Corp (IBKC) Will Announce Quarterly Sales of $286.28 Million (americanbankingnews.com)
- IBERIABANK Corp (IBKC) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
IBERIABANK (NASDAQ IBKC) traded down $1.30 during trading hours on Wednesday, hitting $77.50. 341,600 shares of the stock were exchanged, compared to its average volume of 440,387. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. IBERIABANK has a 52 week low of $68.55 and a 52 week high of $91.10. The company has a market capitalization of $4,244.97, a PE ratio of 18.41, a P/E/G ratio of 2.31 and a beta of 1.37.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.13). IBERIABANK had a return on equity of 6.57% and a net margin of 17.14%. The company had revenue of $270.19 million during the quarter, compared to the consensus estimate of $276.02 million. During the same quarter last year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. analysts anticipate that IBERIABANK will post 4.27 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on IBKC shares. ValuEngine upgraded shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded IBERIABANK from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Thursday, September 28th. Piper Jaffray Companies raised IBERIABANK from a “neutral” rating to an “overweight” rating and set a $89.00 price target on the stock in a research report on Tuesday, August 15th. BidaskClub downgraded IBERIABANK from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, SunTrust Banks raised IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. IBERIABANK has an average rating of “Buy” and a consensus price target of $89.27.
In other IBERIABANK news, insider John R. Davis sold 3,263 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $74.24, for a total transaction of $242,245.12. Following the sale, the insider now directly owns 57,886 shares of the company’s stock, valued at approximately $4,297,456.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ernest P. Breaux, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $78.18, for a total transaction of $390,900.00. Following the completion of the sale, the director now directly owns 27,963 shares in the company, valued at $2,186,147.34. The disclosure for this sale can be found here. 2.52% of the stock is owned by insiders.
WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact IBERIABANK (NASDAQ:IBKC) Stock Price” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://ledgergazette.com/2017/12/06/iberiabank-corporation-ibkc-receives-media-sentiment-score-of-0-05.html.
IBERIABANK 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.
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