Iberiabank Corp. (NASDAQ:IBKC) insider John R. Davis sold 15,000 shares of Iberiabank Corp. stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $74.34, for a total value of $1,115,100.00. Following the completion of the sale, the insider now owns 66,168 shares of the company’s stock, valued at approximately $4,918,929.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Iberiabank Corp. (NASDAQ:IBKC) opened at 78.65 on Wednesday. The firm has a 50 day moving average price of $68.79 and a 200-day moving average price of $64.47. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 18.11 and a beta of 1.14. Iberiabank Corp. has a 12 month low of $42.20 and a 12 month high of $80.45.

Iberiabank Corp. (NASDAQ:IBKC) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.12. The business earned $223.23 million during the quarter, compared to analysts’ expectations of $41.83 million. Iberiabank Corp. had a return on equity of 7.53% and a net margin of 19.67%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. On average, equities analysts forecast that Iberiabank Corp. will post $4.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, September 30th were given a $0.36 dividend. This is a positive change from Iberiabank Corp.’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, September 28th. Iberiabank Corp.’s dividend payout ratio is presently 33.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of IBKC. Victory Capital Management Inc. raised its position in shares of Iberiabank Corp. by 77.4% in the second quarter. Victory Capital Management Inc. now owns 1,783 shares of the company’s stock valued at $106,000 after buying an additional 778 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Iberiabank Corp. by 7,000.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock valued at $123,000 after buying an additional 2,030 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of Iberiabank Corp. during the second quarter valued at $125,000. Johnson Financial Group Inc. raised its position in shares of Iberiabank Corp. by 25.0% in the second quarter. Johnson Financial Group Inc. now owns 2,550 shares of the company’s stock valued at $152,000 after buying an additional 510 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Iberiabank Corp. by 368.3% in the second quarter. Sei Investments Co. now owns 2,604 shares of the company’s stock valued at $155,000 after buying an additional 2,048 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors.

IBKC has been the subject of several recent analyst reports. FBR & Co lifted their price target on Iberiabank Corp. from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Keefe, Bruyette & Woods boosted their target price on Iberiabank Corp. from $62.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. FIG Partners upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, August 8th. Raymond James Financial Inc. upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 target price for the company in a report on Thursday, August 25th. Finally, Iberia Capital upgraded Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 target price for the company in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Iberiabank Corp. presently has an average rating of “Buy” and an average price target of $65.90.

About Iberiabank Corp.

IBERIABANK Corporation is a financial holding company. The Company is the holding company for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency; IBERIA Capital Partners, LLC, a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc, which provides wealth management and trust services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE LLC., which invests in purchased tax credits.

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