Iberiabank Corp. (NASDAQ:IBKC) EVP Haddon Spurgeon Mackie, Jr. sold 1,501 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $80.92, for a total transaction of $121,460.92. Following the transaction, the executive vice president now directly owns 13,449 shares of the company’s stock, valued at approximately $1,088,293.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Iberiabank Corp. (NASDAQ:IBKC) remained flat at $82.00 during trading on Thursday. The stock had a trading volume of 264,124 shares. The firm has a market cap of $3.37 billion, a PE ratio of 18.89 and a beta of 1.14. The company has a 50-day moving average price of $71.01 and a 200 day moving average price of $65.36. Iberiabank Corp. has a one year low of $42.20 and a one year high of $82.40.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were given a $0.36 dividend. This is an increase from Iberiabank Corp.’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.44 annualized dividend and a yield of 1.76%. Iberiabank Corp.’s dividend payout ratio is 33.18%.

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

A number of institutional investors have recently made changes to their positions in IBKC. Credit Suisse AG increased its position in shares of Iberiabank Corp. by 13.4% in the third quarter. Credit Suisse AG now owns 52,578 shares of the company’s stock worth $3,529,000 after buying an additional 6,210 shares during the last quarter. Phocas Financial Corp. increased its position in shares of Iberiabank Corp. by 55.4% in the third quarter. Phocas Financial Corp. now owns 230,379 shares of the company’s stock worth $15,463,000 after buying an additional 82,087 shares during the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Iberiabank Corp. during the third quarter worth approximately $304,000. Gotham Asset Management LLC increased its position in shares of Iberiabank Corp. by 8.9% in the third quarter. Gotham Asset Management LLC now owns 4,384 shares of the company’s stock worth $294,000 after buying an additional 358 shares during the last quarter. Finally, Clinton Group Inc. increased its position in shares of Iberiabank Corp. by 25.6% in the third quarter. Clinton Group Inc. now owns 24,328 shares of the company’s stock worth $1,633,000 after buying an additional 4,955 shares during the last quarter. Institutional investors own 80.85% of the company’s stock.

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Iberiabank Corp. Company Profile

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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