Iberiabank (IBKC) Issues Earnings Results

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.

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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%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Iberiabank from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Wednesday, January 10th. Iberia Capital downgraded shares of Iberiabank from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, December 20th. BidaskClub downgraded shares of Iberiabank from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Piper Jaffray set a $95.00 price objective on shares of Iberiabank and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Raymond James reaffirmed an “outperform” rating on shares of Iberiabank in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $89.55.

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About Iberiabank

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.

Earnings History for Iberiabank (NASDAQ:IBKC)

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