IBERIABANK Corp (IBKC) Holdings Cut by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its position in shares of IBERIABANK Corp (NASDAQ:IBKC) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 285,852 shares of the bank’s stock after selling 1,973 shares during the period. William Blair Investment Management LLC’s holdings in IBERIABANK were worth $22,154,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of IBERIABANK in the fourth quarter worth $128,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of IBERIABANK by 41.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,012 shares of the bank’s stock worth $233,000 after acquiring an additional 879 shares during the last quarter. Bank of Montreal Can increased its stake in shares of IBERIABANK by 139.9% in the fourth quarter. Bank of Montreal Can now owns 3,076 shares of the bank’s stock worth $239,000 after acquiring an additional 1,794 shares during the last quarter. Jefferies Group LLC increased its stake in shares of IBERIABANK by 70.5% in the fourth quarter. Jefferies Group LLC now owns 4,744 shares of the bank’s stock worth $368,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new position in shares of IBERIABANK in the fourth quarter worth $487,000. 88.36% of the stock is currently owned by institutional investors.

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Shares of IBERIABANK Corp (NASDAQ IBKC) opened at $77.00 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. IBERIABANK Corp has a fifty-two week low of $68.55 and a fifty-two week high of $87.55. The stock has a market cap of $4,151.24, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

IBERIABANK (NASDAQ:IBKC) last released its quarterly earnings results on Thursday, January 25th. The bank reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. IBERIABANK had a net margin of 12.66% and a return on equity of 6.86%. The company had revenue of $290.16 million during the quarter, compared to analysts’ expectations of $285.17 million. During the same period in the prior year, the company earned $1.16 earnings per share. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. equities research analysts predict that IBERIABANK Corp will post 6.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, March 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 28th. This is a boost from IBERIABANK’s previous quarterly dividend of $0.37. IBERIABANK’s dividend payout ratio (DPR) is presently 55.85%.

IBKC has been the topic of several analyst reports. BidaskClub raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Wednesday, January 10th. SunTrust Banks raised shares of IBERIABANK from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. 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. Finally, Raymond James Financial reissued an “outperform” rating on shares of IBERIABANK in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $90.27.

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IBERIABANK Company Profile

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 Corp (NASDAQ:IBKC).

Institutional Ownership by Quarter for IBERIABANK (NASDAQ:IBKC)

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