IBERIABANK (NASDAQ:IBKC) has been given a $91.00 price objective by investment analysts at Stephens in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the bank’s stock. Stephens’ price target points to a potential upside of 23.16% from the stock’s previous close.

IBKC has been the topic of several other reports. ValuEngine cut IBERIABANK from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BidaskClub cut IBERIABANK from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Finally, Zacks Investment Research upgraded IBERIABANK from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. IBERIABANK currently has an average rating of “Hold” and a consensus price target of $86.17.

Shares of IBERIABANK stock opened at $73.89 on Friday. IBERIABANK has a 52-week low of $68.55 and a 52-week high of $87.55. The stock has a market capitalization of $4.24 billion, a P/E ratio of 16.53, a PEG ratio of 1.44 and a beta of 1.44. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38.

IBERIABANK (NASDAQ:IBKC) last announced its quarterly earnings data on Friday, October 19th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.06. IBERIABANK had a return on equity of 9.44% and a net margin of 18.32%. The business had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $311.77 million. During the same period in the previous year, the business posted $1.00 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts forecast that IBERIABANK will post 6.55 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of IBERIABANK by 26.1% during the second quarter. Aperio Group LLC now owns 4,388 shares of the bank’s stock valued at $333,000 after buying an additional 907 shares during the period. LSV Asset Management grew its holdings in shares of IBERIABANK by 24.4% during the second quarter. LSV Asset Management now owns 103,400 shares of the bank’s stock worth $7,837,000 after purchasing an additional 20,300 shares in the last quarter. Millennium Management LLC grew its holdings in shares of IBERIABANK by 25.2% during the second quarter. Millennium Management LLC now owns 2,277,140 shares of the bank’s stock worth $172,607,000 after purchasing an additional 458,810 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of IBERIABANK by 30.1% during the second quarter. Federated Investors Inc. PA now owns 533,358 shares of the bank’s stock worth $40,429,000 after purchasing an additional 123,542 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of IBERIABANK by 14.7% during the second quarter. Amalgamated Bank now owns 7,655 shares of the bank’s stock worth $580,000 after purchasing an additional 983 shares in the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.

About IBERIABANK

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.

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Analyst Recommendations for IBERIABANK (NASDAQ:IBKC)

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