Analysts expect IBERIABANK Corp (NASDAQ:IBKC) to post earnings per share of $1.61 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for IBERIABANK’s earnings. The highest EPS estimate is $1.67 and the lowest is $1.58. IBERIABANK reported earnings per share of $1.10 during the same quarter last year, which suggests a positive year-over-year growth rate of 46.4%. The company is scheduled to issue its next quarterly earnings report before the market opens on Friday, July 20th.
On average, analysts expect that IBERIABANK will report full year earnings of $6.31 per share for the current fiscal year, with EPS estimates ranging from $6.21 to $6.40. For the next financial year, analysts forecast that the company will report earnings of $7.05 per share, with EPS estimates ranging from $6.75 to $7.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for IBERIABANK.
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IBERIABANK (NASDAQ:IBKC) last issued its quarterly earnings data on Thursday, April 19th. The bank reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.05). The company had revenue of $277.50 million for the quarter, compared to the consensus estimate of $285.71 million. IBERIABANK had a return on equity of 7.39% and a net margin of 12.96%. IBERIABANK’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.02 earnings per share.
IBKC has been the subject of a number of recent research reports. Zacks Investment Research downgraded IBERIABANK from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. BidaskClub downgraded IBERIABANK from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Piper Jaffray Companies set a $92.00 price objective on IBERIABANK and gave the stock a “buy” rating in a research note on Monday, April 23rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $87.75.
In other news, Director Ernest P. Breaux, Jr. sold 1,200 shares of the stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $82.05, for a total value of $98,460.00. Following the completion of the transaction, the director now owns 27,647 shares of the company’s stock, valued at $2,268,436.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its stake in shares of IBERIABANK by 4.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 21,023 shares of the bank’s stock worth $1,629,000 after purchasing an additional 837 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of IBERIABANK by 2.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 38,204 shares of the bank’s stock worth $2,961,000 after purchasing an additional 893 shares in the last quarter. Jane Street Group LLC grew its stake in shares of IBERIABANK by 38.3% in the first quarter. Jane Street Group LLC now owns 4,337 shares of the bank’s stock worth $338,000 after purchasing an additional 1,202 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of IBERIABANK by 8.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 15,832 shares of the bank’s stock worth $1,235,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of IBERIABANK by 139.9% in the fourth quarter. Bank of Montreal Can now owns 3,076 shares of the bank’s stock worth $239,000 after purchasing an additional 1,794 shares in the last quarter. 81.42% of the stock is owned by institutional investors.
IBERIABANK traded down $0.60, reaching $77.15, during trading on Friday, according to MarketBeat.com. 280,400 shares of the company were exchanged, compared to its average volume of 398,348. The company has a market cap of $4.48 billion, a P/E ratio of 17.38, a PEG ratio of 1.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. IBERIABANK has a 52 week low of $68.55 and a 52 week high of $87.55.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. IBERIABANK’s payout ratio is 34.00%.
IBERIABANK Company Profile
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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