IBERIABANK Corp (IBKC) Expected to Post Earnings of $1.64 Per Share

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Wall Street analysts expect IBERIABANK Corp (NASDAQ:IBKC) to announce earnings per share (EPS) of $1.64 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for IBERIABANK’s earnings, with estimates ranging from $1.58 to $1.68. IBERIABANK reported earnings per share of $1.37 during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.7%. The firm is expected to report its next quarterly earnings results on Thursday, April 18th.

According to Zacks, analysts expect that IBERIABANK will report full year earnings of $7.12 per share for the current financial year, with EPS estimates ranging from $6.95 to $7.30. For the next financial year, analysts expect that the business will post earnings of $7.53 per share, with EPS estimates ranging from $7.29 to $7.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for IBERIABANK.

IBERIABANK (NASDAQ:IBKC) last issued its earnings results on Friday, January 25th. The bank reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.08. The business had revenue of $265.99 million during the quarter, compared to analysts’ expectations of $308.20 million. IBERIABANK had a return on equity of 10.07% and a net margin of 26.94%. During the same quarter in the previous year, the business earned $1.33 EPS.

IBKC has been the subject of a number of analyst reports. Stephens set a $91.00 price target on IBERIABANK and gave the stock a “hold” rating in a report on Friday, October 19th. BidaskClub cut IBERIABANK from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 24th. ValuEngine upgraded IBERIABANK from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Hovde Group upgraded IBERIABANK from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $86.00 in a report on Friday, November 16th. Finally, Zacks Investment Research upgraded IBERIABANK from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $84.75.

NASDAQ IBKC traded down $0.75 on Thursday, reaching $73.89. The company had a trading volume of 381,489 shares, compared to its average volume of 359,819. The stock has a market cap of $4.18 billion, a PE ratio of 11.04, a P/E/G ratio of 1.32 and a beta of 1.36. IBERIABANK has a 1 year low of $60.82 and a 1 year high of $87.50. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38.

In other news, Director Ricky E. Maples purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The shares were acquired at an average cost of $75.60 per share, with a total value of $189,000.00. Following the transaction, the director now owns 6,100 shares in the company, valued at approximately $461,160. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Michael J. Brown sold 8,951 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $74.98, for a total value of $671,145.98. Following the sale, the insider now directly owns 121,530 shares in the company, valued at $9,112,319.40. The disclosure for this sale can be found here. Corporate insiders own 2.53% of the company’s stock.

Several hedge funds have recently bought and sold shares of IBKC. Raymond James & Associates raised its position in shares of IBERIABANK by 63.5% during the 2nd quarter. Raymond James & Associates now owns 23,269 shares of the bank’s stock valued at $1,764,000 after acquiring an additional 9,037 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of IBERIABANK during the 2nd quarter valued at approximately $224,000. Putnam Investments LLC raised its position in shares of IBERIABANK by 450.7% during the 2nd quarter. Putnam Investments LLC now owns 39,100 shares of the bank’s stock valued at $2,964,000 after acquiring an additional 32,000 shares in the last quarter. California Public Employees Retirement System raised its position in shares of IBERIABANK by 12.0% during the 2nd quarter. California Public Employees Retirement System now owns 146,007 shares of the bank’s stock valued at $11,067,000 after acquiring an additional 15,657 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of IBERIABANK during the 2nd quarter valued at approximately $398,000. 87.97% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for IBERIABANK (NASDAQ:IBKC)

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