Iberiabank to Post Q1 2018 Earnings of $1.41 Per Share, Jefferies Group Forecasts (IBKC)

Iberiabank (NASDAQ:IBKC) – Stock analysts at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for Iberiabank in a research note issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.41 for the quarter, down from their prior forecast of $1.42.

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Iberiabank (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $290.16 million for the quarter, compared to analyst estimates of $285.17 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 35.0% compared to the same quarter last year.

Several other analysts have also issued reports on IBKC. Iberia Capital lowered shares of Iberiabank from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, December 20th. Raymond James Financial reiterated an “outperform” rating on shares of Iberiabank in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Iberiabank from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 20th. BidaskClub upgraded shares of Iberiabank from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, Piper Jaffray set a $95.00 price objective on shares of Iberiabank and gave the company a “buy” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $89.55.

NASDAQ IBKC opened at $78.00 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 0.92. Iberiabank has a 1 year low of $68.55 and a 1 year high of $87.55. The firm has a market cap of $4,296.81, a price-to-earnings ratio of 17.45, a PEG ratio of 1.55 and a beta of 1.41.

Several hedge funds have recently added to or reduced their stakes in IBKC. Victory Capital Management Inc. grew its stake in shares of Iberiabank by 27.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,093,514 shares of the bank’s stock valued at $84,748,000 after acquiring an additional 236,669 shares in the last quarter. Strs Ohio grew its stake in shares of Iberiabank by 887.9% in the fourth quarter. Strs Ohio now owns 220,300 shares of the bank’s stock valued at $17,073,000 after acquiring an additional 198,000 shares in the last quarter. Millennium Management LLC grew its stake in shares of Iberiabank by 10.6% in the fourth quarter. Millennium Management LLC now owns 1,982,114 shares of the bank’s stock valued at $153,614,000 after acquiring an additional 190,374 shares in the last quarter. Ascend Capital LLC grew its stake in shares of Iberiabank by 72.2% in the fourth quarter. Ascend Capital LLC now owns 418,650 shares of the bank’s stock valued at $32,446,000 after acquiring an additional 175,536 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in shares of Iberiabank by 72.6% in the fourth quarter. Thrivent Financial For Lutherans now owns 389,946 shares of the bank’s stock valued at $30,220,000 after acquiring an additional 163,965 shares in the last quarter. Institutional investors and hedge funds own 88.36% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, March 30th will be issued a $0.38 dividend. This is an increase from Iberiabank’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, March 28th. Iberiabank’s payout ratio is currently 34.00%.

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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 and Estimates for Iberiabank (NASDAQ:IBKC)

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