Schwab Charles Investment Management Inc. boosted its stake in shares of IBERIABANK Corporation (NASDAQ:IBKC) by 21.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 241,007 shares of the bank’s stock after buying an additional 43,190 shares during the period. Schwab Charles Investment Management Inc. owned 0.47% of IBERIABANK Corporation worth $19,064,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in IBERIABANK Corporation by 14.0% in the first quarter. Vanguard Group Inc. now owns 4,089,357 shares of the bank’s stock valued at $323,469,000 after buying an additional 502,701 shares in the last quarter. BlackRock Inc. boosted its position in IBERIABANK Corporation by 13,809.5% in the first quarter. BlackRock Inc. now owns 3,486,277 shares of the bank’s stock valued at $275,765,000 after buying an additional 3,461,213 shares in the last quarter. Dimensional Fund Advisors LP raised its position in IBERIABANK Corporation by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,020,769 shares of the bank’s stock valued at $238,943,000 after buying an additional 59,390 shares during the last quarter. JPMorgan Chase & Co. raised its position in IBERIABANK Corporation by 22.7% in the first quarter. JPMorgan Chase & Co. now owns 1,884,509 shares of the bank’s stock valued at $149,065,000 after buying an additional 348,845 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in IBERIABANK Corporation by 4.8% in the first quarter. William Blair Investment Management LLC now owns 975,936 shares of the bank’s stock valued at $77,197,000 after buying an additional 44,907 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

IBERIABANK Corporation (NASDAQ:IBKC) traded up 0.06% during midday trading on Friday, hitting $80.40. The stock had a trading volume of 316,650 shares. IBERIABANK Corporation has a 52 week low of $60.89 and a 52 week high of $91.10. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.60 and a beta of 1.28. The company’s 50 day moving average price is $80.94 and its 200-day moving average price is $80.58.

IBERIABANK Corporation (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $239.61 million for the quarter, compared to analyst estimates of $236.73 million. IBERIABANK Corporation had a return on equity of 7.14% and a net margin of 20.08%. Equities analysts anticipate that IBERIABANK Corporation will post $4.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, June 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, June 28th. IBERIABANK Corporation’s dividend payout ratio (DPR) is presently 35.04%.

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Several research firms have weighed in on IBKC. BidaskClub raised IBERIABANK Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. JMP Securities increased their target price on IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 25th. Finally, Stephens set a $95.00 target price on IBERIABANK Corporation and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. IBERIABANK Corporation has a consensus rating of “Buy” and a consensus price target of $86.92.

In related news, Director E Stewart Shea III sold 4,147 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $80.65, for a total transaction of $334,455.55. Following the completion of the sale, the director now directly owns 13,179 shares of the company’s stock, valued at $1,062,886.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Haddon Spurgeon Mackie, Jr. sold 4,217 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $81.86, for a total value of $345,203.62. Following the sale, the executive vice president now directly owns 10,852 shares of the company’s stock, valued at $888,344.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,364 shares of company stock valued at $2,650,159. Company insiders own 3.17% of the company’s stock.

About IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company. The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc (IAM), which provides wealth management and trust advisory 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 (CDE), which invests in purchased tax credits.

Institutional Ownership by Quarter for IBERIABANK Corporation (NASDAQ:IBKC)

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