IBERIABANK Co. Plans Quarterly Dividend of $0.34 (IBKC)

IBERIABANK (NASDAQ:IBKC) declared a quarterly dividend on Monday, June 3rd, Analyst Ratings.Net reports. Investors of record on Friday, June 28th will be given a dividend of $0.34 per share on Friday, July 26th. This represents a $1.36 dividend on an annualized basis and a yield of 2.58%.

Several analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of IBERIABANK in a research note to investors on Tuesday, May 21st. They now have a $51.00 price target on the stock, up previously from $48.00. On a related note, analysts at Raymond James raised their price target on shares of IBERIABANK from $53.00 to $54.00 in a research note to investors on Monday, May 20th. Finally, analysts at Stephens upgraded shares of IBERIABANK from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, May 20th. They now have a $62.00 price target on the stock, up previously from $49.00.

Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.90.

IBERIABANK (NASDAQ: IBKC) opened at 52.65 on Tuesday. IBERIABANK has a 1-year low of $44.28 and a 1-year high of $52.78. The stock’s 50-day moving average is currently $49.64. The company has a market cap of $1.563 billion and a price-to-earnings ratio of 26.93.

IBERIABANK Corporation (NASDAQ: IBKC) is a multi-bank financial holding company with 209 combined offices, including 136 bank branch offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 47 locations in 12 states.

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