Iberiabank (NASDAQ:IBKC) issued its quarterly earnings data on Thursday. The bank reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02), Briefing.com reports. Iberiabank had a return on equity of 6.86% and a net margin of 12.66%. The firm had revenue of $277.50 million during the quarter, compared to the consensus estimate of $285.71 million. During the same period in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis.
Shares of Iberiabank stock traded up $1.15 on Thursday, reaching $78.40. 543,573 shares of the company traded hands, compared to its average volume of 359,033. Iberiabank has a 52 week low of $68.55 and a 52 week high of $87.55. The company has a market capitalization of $4,205.70, a P/E ratio of 17.54, a P/E/G ratio of 1.51 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, March 30th will be given a dividend of $0.38 per share. This is an increase from Iberiabank’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, March 28th. Iberiabank’s dividend payout ratio is currently 34.00%.
IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.
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