Iberiabank (NASDAQ:IBKC) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $89.63.
IBKC has been the subject of several research reports. Zacks Investment Research lowered shares of Iberiabank from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Raymond James Financial restated an “outperform” rating on shares of Iberiabank in a research report on Wednesday, December 20th. Piper Jaffray set a $95.00 target price on shares of Iberiabank and gave the stock a “buy” rating in a research report on Monday, January 29th. BidaskClub upgraded shares of Iberiabank from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Iberia Capital lowered shares of Iberiabank from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, December 20th.
Shares of IBKC stock traded down $0.90 on Wednesday, hitting $77.95. The stock had a trading volume of 235,872 shares, compared to its average volume of 360,237. The company has a market cap of $4,172.81, a P/E ratio of 17.44, a P/E/G ratio of 1.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.92. Iberiabank has a 12-month low of $68.55 and a 12-month high of $87.55.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, March 30th will be given a $0.38 dividend. This is a positive change from Iberiabank’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Wednesday, March 28th. Iberiabank’s dividend payout ratio (DPR) is 34.00%.
Several hedge funds have recently added to or reduced their stakes in IBKC. Principal Financial Group Inc. boosted its position in shares of Iberiabank by 1.2% in the third quarter. Principal Financial Group Inc. now owns 111,855 shares of the bank’s stock valued at $9,189,000 after acquiring an additional 1,307 shares during the period. Ameriprise Financial Inc. raised its stake in Iberiabank by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 136,718 shares of the bank’s stock valued at $11,231,000 after purchasing an additional 5,957 shares in the last quarter. American International Group Inc. raised its stake in Iberiabank by 8.1% in the third quarter. American International Group Inc. now owns 33,923 shares of the bank’s stock valued at $2,787,000 after purchasing an additional 2,537 shares in the last quarter. Legal & General Group Plc raised its stake in Iberiabank by 12.1% in the third quarter. Legal & General Group Plc now owns 34,153 shares of the bank’s stock valued at $2,809,000 after purchasing an additional 3,696 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Iberiabank by 8.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 274,686 shares of the bank’s stock valued at $22,566,000 after purchasing an additional 21,791 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.
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Iberiabank Company Profile
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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