Teachers Retirement System of The State of Kentucky lifted its stake in shares of IBERIABANK Corp (NASDAQ:IBKC) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,023 shares of the bank’s stock after purchasing an additional 837 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in IBERIABANK were worth $1,629,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in IBERIABANK by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,093,514 shares of the bank’s stock valued at $84,748,000 after acquiring an additional 236,669 shares in the last quarter. Strs Ohio lifted its position in IBERIABANK by 887.9% in the 4th quarter. Strs Ohio now owns 220,300 shares of the bank’s stock valued at $17,073,000 after acquiring an additional 198,000 shares in the last quarter. Ascend Capital LLC lifted its position in IBERIABANK by 72.2% in the 4th quarter. Ascend Capital LLC now owns 418,650 shares of the bank’s stock valued at $32,446,000 after acquiring an additional 175,536 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in IBERIABANK by 72.6% in the 4th quarter. Thrivent Financial For Lutherans now owns 389,946 shares of the bank’s stock valued at $30,220,000 after acquiring an additional 163,965 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in IBERIABANK by 54.1% in the 4th quarter. Mackenzie Financial Corp now owns 454,303 shares of the bank’s stock valued at $35,208,000 after acquiring an additional 159,583 shares in the last quarter. 88.36% of the stock is currently owned by institutional investors.
Shares of IBERIABANK Corp (NASDAQ IBKC) opened at $83.10 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $4,515.15, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.39. IBERIABANK Corp has a one year low of $68.55 and a one year high of $87.55.
IBERIABANK (NASDAQ:IBKC) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.07. The firm had revenue of $290.16 million during the quarter, compared to analyst estimates of $285.17 million. IBERIABANK had a net margin of 12.66% and a return on equity of 6.86%. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. equities research analysts forecast that IBERIABANK Corp will post 6.4 earnings per share for the current year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Wednesday, January 10th. Iberia Capital cut shares of IBERIABANK from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, December 20th. SunTrust Banks raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. BidaskClub lowered shares of IBERIABANK from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Piper Jaffray Companies set a $95.00 price objective on shares of IBERIABANK and gave the company a “buy” rating in a research note on Monday, January 29th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $90.27.
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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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