Press coverage about IBERIABANK (NASDAQ:IBKC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IBERIABANK earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.443305722214 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- 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)
Several analysts have weighed in on IBKC shares. Stephens lowered IBERIABANK from an “overweight” rating to an “equal weight” rating in a report on Friday, October 20th. Piper Jaffray Companies raised IBERIABANK from a “neutral” rating to an “overweight” rating and set a $89.00 target price on the stock in a report on Tuesday, August 15th. Zacks Investment Research raised IBERIABANK from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. SunTrust Banks lowered their target price on IBERIABANK to $80.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Finally, ValuEngine raised IBERIABANK from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. IBERIABANK has an average rating of “Buy” and an average price target of $89.27.
Shares of IBERIABANK (NASDAQ:IBKC) traded up $0.45 during trading hours on Thursday, hitting $77.45. The stock had a trading volume of 370,650 shares, compared to its average volume of 439,382. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.90. IBERIABANK has a twelve month low of $68.55 and a twelve month high of $91.10. The stock has a market capitalization of $4,174.94, a P/E ratio of 18.11, a P/E/G ratio of 2.27 and a beta of 1.37.
IBERIABANK (NASDAQ:IBKC) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.13). IBERIABANK had a net margin of 17.14% and a return on equity of 6.57%. The company had revenue of $270.19 million during the quarter, compared to analysts’ expectations of $276.02 million. During the same quarter in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. sell-side analysts forecast that IBERIABANK will post 4.27 EPS for the current year.
In related news, Director William H. Fenstermaker acquired 2,500 shares of IBERIABANK stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $71.81 per share, for a total transaction of $179,525.00. Following the completion of the transaction, the director now directly owns 43,242 shares of the company’s stock, valued at $3,105,208.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ernest P. Breaux, Jr. sold 5,000 shares of the company’s stock in a transaction 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 $2,186,147.34. The disclosure for this sale can be found here. 3.17% of the stock is owned by corporate insiders.
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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