IBERIABANK Corporation (IBKC) Shares Bought by Stifel Financial Corp
Stifel Financial Corp raised its stake in IBERIABANK Corporation (NASDAQ:IBKC) by 12.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,444 shares of the bank’s stock after purchasing an additional 392 shares during the period. Stifel Financial Corp’s holdings in IBERIABANK Corporation were worth $280,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of IBERIABANK Corporation by 49.7% in the 2nd quarter. Prudential Financial Inc. now owns 238,413 shares of the bank’s stock worth $19,431,000 after purchasing an additional 79,178 shares during the last quarter. BlackRock Inc. increased its position in shares of IBERIABANK Corporation by 13,809.5% in the 1st quarter. BlackRock Inc. now owns 3,486,277 shares of the bank’s stock worth $275,765,000 after purchasing an additional 3,461,213 shares during the last quarter. Rhumbline Advisers increased its position in shares of IBERIABANK Corporation by 6.9% in the 2nd quarter. Rhumbline Advisers now owns 65,064 shares of the bank’s stock worth $5,303,000 after purchasing an additional 4,205 shares during the last quarter. Stieven Capital Advisors L.P. increased its position in shares of IBERIABANK Corporation by 7.8% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 134,800 shares of the bank’s stock worth $10,986,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Nicholas Company Inc. increased its position in shares of IBERIABANK Corporation by 22.6% in the 2nd quarter. Nicholas Company Inc. now owns 56,500 shares of the bank’s stock worth $4,604,000 after purchasing an additional 10,415 shares during the last quarter. 80.61% of the stock is owned by institutional investors.
In other IBERIABANK Corporation news, Director Ernest P. Breaux, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $78.18, for a total transaction of $390,900.00. Following the completion of the transaction, the director now directly owns 27,963 shares of the company’s stock, valued at approximately $2,186,147.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John R. Davis sold 6,141 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $80.12, for a total transaction of $492,016.92. Following the transaction, the insider now directly owns 60,553 shares of the company’s stock, valued at $4,851,506.36. The disclosure for this sale can be found here. Insiders own 3.17% of the company’s stock.
IBERIABANK Corporation (NASDAQ:IBKC) opened at $74.10 on Friday. IBERIABANK Corporation has a fifty-two week low of $64.70 and a fifty-two week high of $91.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $3,991.32, a PE ratio of 17.31, a PEG ratio of 2.15 and a beta of 1.37.
IBERIABANK Corporation (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.13). The business had revenue of $270.19 million during the quarter, compared to analyst estimates of $276.02 million. IBERIABANK Corporation had a net margin of 17.14% and a return on equity of 6.79%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. analysts anticipate that IBERIABANK Corporation will post 4.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, September 29th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.00%. This is a positive change from IBERIABANK Corporation’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, September 28th. IBERIABANK Corporation’s payout ratio is presently 42.05%.
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IBKC has been the subject of several research analyst reports. BidaskClub downgraded shares of IBERIABANK Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Stephens set a $95.00 target price on shares of IBERIABANK Corporation and gave the stock a “buy” rating in a research report on Saturday, July 22nd. JMP Securities boosted their target price on shares of IBERIABANK Corporation from $94.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of IBERIABANK Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies raised shares of IBERIABANK Corporation from a “neutral” rating to an “overweight” rating and set a $89.00 target price for the company in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $89.27.
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.
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