Hodges Capital Management Inc. Has $244,000 Position in IBERIABANK Corporation (IBKC)

Hodges Capital Management Inc. continued to hold its stake in IBERIABANK Corporation (NASDAQ:IBKC) during the second quarter, Holdings Channel reports. The institutional investor owned 3,000 shares of the bank’s stock at the end of the second quarter. Hodges Capital Management Inc.’s holdings in IBERIABANK Corporation were worth $244,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC increased its stake in IBERIABANK Corporation by 173.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 7,913 shares of the bank’s stock worth $626,000 after buying an additional 5,014 shares in the last quarter. Profund Advisors LLC increased its stake in IBERIABANK Corporation by 5.0% in the first quarter. Profund Advisors LLC now owns 3,949 shares of the bank’s stock worth $312,000 after buying an additional 187 shares in the last quarter. Strs Ohio increased its stake in IBERIABANK Corporation by 8.3% in the first quarter. Strs Ohio now owns 22,100 shares of the bank’s stock worth $1,748,000 after buying an additional 1,700 shares in the last quarter. Russell Investments Group Ltd. increased its stake in IBERIABANK Corporation by 2.0% in the first quarter. Russell Investments Group Ltd. now owns 272,434 shares of the bank’s stock worth $21,551,000 after buying an additional 5,256 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its stake in IBERIABANK Corporation by 38.2% in the first quarter. Hennessy Advisors Inc. now owns 117,500 shares of the bank’s stock worth $9,294,000 after buying an additional 32,500 shares in the last quarter. 87.34% of the stock is owned by institutional investors.

Shares of IBERIABANK Corporation (NASDAQ IBKC) opened at 77.70 on Friday. The company has a market capitalization of $3.96 billion, a P/E ratio of 18.94 and a beta of 1.28. IBERIABANK Corporation has a 1-year low of $62.66 and a 1-year high of $91.10. The firm has a 50-day moving average of $80.64 and a 200 day moving average of $80.55.

IBERIABANK Corporation (NASDAQ:IBKC) last released its quarterly earnings data on Thursday, July 20th. The bank reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.02. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 7.14%. The business had revenue of $239.61 million for the quarter, compared to the consensus estimate of $236.73 million. On average, analysts anticipate that IBERIABANK Corporation will post $4.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, June 30th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.44 annualized dividend and a yield of 1.85%. IBERIABANK Corporation’s dividend payout ratio (DPR) is currently 35.04%.

WARNING: This story was reported by Ticker Report and is owned by of Ticker Report. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/2802429/hodges-capital-management-inc-has-244000-position-in-iberiabank-corporation-ibkc.html.

IBKC has been the subject of a number of research analyst reports. Robert W. Baird raised shares of IBERIABANK Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $97.00 in a report on Monday, May 1st. Barclays PLC raised shares of IBERIABANK Corporation to an “outperform” rating and set a $97.00 price objective for the company in a report on Monday, May 1st. Zacks Investment Research raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Tuesday, May 16th. Iberia Capital raised shares of IBERIABANK Corporation from an “outperform” rating to a “strong-buy” rating and set a $93.00 price objective for the company in a report on Friday, May 19th. Finally, Raymond James Financial, Inc. raised shares of IBERIABANK Corporation from an “outperform” rating to a “strong-buy” rating in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $86.92.

In other IBERIABANK Corporation news, Vice Chairman Michael J. Brown sold 25,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $78.82, for a total transaction of $1,970,500.00. Following the completion of the transaction, the insider now owns 93,878 shares in the company, valued at $7,399,463.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John R. Davis sold 6,141 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.12, for a total transaction of $492,016.92. Following the transaction, the insider now owns 60,553 shares of the company’s stock, valued at approximately $4,851,506.36. The disclosure for this sale can be found here. Insiders have sold 35,288 shares of company stock valued at $2,796,972 in the last quarter. 3.17% of the stock is owned by company insiders.

About IBERIABANK Corporation

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.

Want to see what other hedge funds are holding IBKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IBERIABANK Corporation (NASDAQ:IBKC).

Institutional Ownership by Quarter for IBERIABANK Corporation (NASDAQ:IBKC)

Receive News & Ratings for IBERIABANK Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBERIABANK Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.