IBERIABANK Corporation (NASDAQ:IBKC) Director William H. Fenstermaker acquired 2,500 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $71.81 per share, with a total value of $179,525.00. Following the acquisition, the director now directly owns 43,242 shares in the company, valued at $3,105,208.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

IBERIABANK Corporation (IBKC) opened at $73.40 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.90. IBERIABANK Corporation has a 1-year low of $68.55 and a 1-year high of $91.10. The company has a market cap of $3,954.07, a PE ratio of 17.15, a P/E/G ratio of 2.15 and a beta of 1.37.

IBERIABANK Corporation (NASDAQ:IBKC) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.13). IBERIABANK Corporation had a return on equity of 6.57% and a net margin of 17.14%. The firm had revenue of $270.19 million during the quarter, compared to analysts’ expectations of $276.02 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. research analysts expect that IBERIABANK Corporation will post 4.27 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were given a $0.37 dividend. This is a positive change from IBERIABANK Corporation’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 28th. IBERIABANK Corporation’s dividend payout ratio is 42.05%.

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A number of institutional investors have recently bought and sold shares of IBKC. Fox Run Management L.L.C. purchased a new stake in IBERIABANK Corporation in the 2nd quarter worth about $253,000. NN Investment Partners Holdings N.V. raised its position in IBERIABANK Corporation by 8.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 12,640 shares of the bank’s stock worth $1,030,000 after purchasing an additional 955 shares during the period. Alpha Windward LLC purchased a new stake in IBERIABANK Corporation in the 2nd quarter worth about $493,000. Aperio Group LLC raised its position in IBERIABANK Corporation by 33.4% in the 2nd quarter. Aperio Group LLC now owns 3,611 shares of the bank’s stock worth $294,000 after purchasing an additional 905 shares during the period. Finally, Prospera Financial Services Inc purchased a new stake in IBERIABANK Corporation in the 2nd quarter worth about $301,000. 80.81% of the stock is currently owned by institutional investors.

Several research firms have commented on IBKC. Zacks Investment Research raised shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Tuesday, August 1st. Robert W. Baird downgraded shares of IBERIABANK Corporation from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $97.00 to $78.00 in a report on Monday, October 23rd. Stephens set a $95.00 price objective on shares of IBERIABANK Corporation and gave the company a “buy” rating in a report on Monday, July 31st. JMP Securities increased their price objective on shares of IBERIABANK Corporation from $94.00 to $95.00 and gave the company a “market outperform” rating in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $89.00 price target on shares of IBERIABANK Corporation in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. IBERIABANK Corporation currently has an average rating of “Buy” and a consensus price target of $89.27.

IBERIABANK Corporation Company Profile

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.

Insider Buying and Selling by Quarter for IBERIABANK Corporation (NASDAQ:IBKC)

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