Rothschild & Co. Asset Management US Inc. increased its holdings in IBERIABANK Corp (NASDAQ:IBKC) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 504,039 shares of the bank’s stock after purchasing an additional 6,002 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in IBERIABANK were worth $32,400,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in IBKC. Oppenheimer Asset Management Inc. purchased a new stake in shares of IBERIABANK during the fourth quarter valued at $53,000. Simplex Trading LLC purchased a new position in IBERIABANK in the third quarter valued at about $105,000. IFP Advisors Inc boosted its holdings in IBERIABANK by 25.8% in the fourth quarter. IFP Advisors Inc now owns 1,851 shares of the bank’s stock valued at $119,000 after purchasing an additional 380 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in IBERIABANK by 85.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,573 shares of the bank’s stock valued at $128,000 after purchasing an additional 727 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in IBERIABANK in the third quarter valued at about $153,000. Institutional investors own 87.51% of the company’s stock.
A number of research analysts recently commented on the company. ValuEngine downgraded IBERIABANK from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Zacks Investment Research raised 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. Stephens raised IBERIABANK from an “equal” rating to a “weight” rating and increased their price target for the company from $78.00 to $85.00 in a report on Wednesday, December 19th. BidaskClub raised IBERIABANK from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, Hovde Group raised IBERIABANK from a “market perform” rating to an “outperform” rating and increased their price target for the company from $82.00 to $86.00 in a report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.75.
NASDAQ:IBKC opened at $76.79 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. IBERIABANK Corp has a 52 week low of $60.82 and a 52 week high of $87.50. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.32 and a beta of 1.48.
IBERIABANK (NASDAQ:IBKC) last released its earnings results on Friday, January 25th. The bank reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. IBERIABANK had a return on equity of 10.07% and a net margin of 26.94%. The company had revenue of $265.99 million for the quarter, compared to the consensus estimate of $308.20 million. During the same quarter last year, the business posted $1.33 EPS. On average, research analysts forecast that IBERIABANK Corp will post 7.18 earnings per share for the current fiscal year.
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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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