Research analysts at Wunderlich lowered their price target on shares of IBERIABANK (NASDAQ: IBKC) in a report issued on Wednesday. They currently have a “buy” rating on the company’s shares.
Separately, analysts at Sterne Agee reiterated a “neutral” rating on shares of IBERIABANK in a research note to investors on Tuesday. Analysts at Zacks Investment Research upgraded shares of IBERIABANK from a “neutral” rating to an “outperform” rating in a research note to investors on Saturday. Also, analysts at Jefferies Group (NYSE: JEF) initiated coverage on shares of IBERIABANK in a research note to investors on Wednesday, January 11st. They set a “hold” rating on the stock.
IBERIABANK Corporation (IBERIABANK) 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. The Company is the holding company for IBERIABANK, a Louisiana banking corporation, Louisiana; IBERIABANK fsb, a federal savings bank; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency and IBERIA Capital Partners LLC, a corporate finance services firm in formation. The Company offers traditional commercial bank products and services to its clients. These products and services include a an array of commercial, consumer, mortgage, and private banking products and services, cash management, deposit and annuity products, and investment brokerage services.
IBERIABANK last announced its quarterly results on Wednesday, January 25th. The company reported $0.69 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.70 EPS by $0.01. On average, analysts predict that IBERIABANK will post $0.68 earnings per share next quarter.
IBERIABANK traded down 0.59% on Wednesday, hitting $54.03. IBERIABANK has a 1-year low of $42.51 and a 1-year high of $60.96. The stock has a 50-day moving average of $51.00 and a 200-day moving average of $49.73. The company has a market cap of $1.586 billion and a price-to-earnings ratio of 30.79.