Rothschild & Co. Asset Management US Inc. Increases Position in IBERIABANK Corp (IBKC)

Share on StockTwits

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.

In related news, insider Haddon Spurgeon Mackie, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $74.82, for a total value of $74,820.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Anthony J. Restel sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $74.01, for a total value of $518,070.00. Following the completion of the sale, the insider now directly owns 57,592 shares in the company, valued at approximately $4,262,383.92. The disclosure for this sale can be found here. In the last three months, insiders sold 19,951 shares of company stock worth $1,490,446. Company insiders own 2.53% of the company’s stock.

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.

ILLEGAL ACTIVITY WARNING: “Rothschild & Co. Asset Management US Inc. Increases Position in IBERIABANK Corp (IBKC)” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/4146526/rothschild-co-asset-management-us-inc-increases-position-in-iberiabank-corp-ibkc.html.

IBERIABANK Profile

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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)

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

Latest News

Nyerium  Hits 24-Hour Volume of $107.00
Nyerium Hits 24-Hour Volume of $107.00
PHI Token Achieves Market Cap of $611,431.00
PHI Token Achieves Market Cap of $611,431.00
Zacks Investment Research Upgrades Oaktree Capital Group  to “Buy”
Zacks Investment Research Upgrades Oaktree Capital Group to “Buy”
PepsiCo  Announces Quarterly  Earnings Results, Meets Estimates
PepsiCo Announces Quarterly Earnings Results, Meets Estimates
Donald  McLay Sells 10,000 Shares of Credit Corp Group Limited  Stock
Donald McLay Sells 10,000 Shares of Credit Corp Group Limited Stock
Insider Buying: Telenav Inc  Director Buys 50,400 Shares of Stock
Insider Buying: Telenav Inc Director Buys 50,400 Shares of Stock


Leave a Reply

© 2006-2019 Ticker Report