Analysts Anticipate IBERIABANK Corp (IBKC) to Post $1.78 EPS

Equities research analysts expect IBERIABANK Corp (NASDAQ:IBKC) to post $1.78 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for IBERIABANK’s earnings, with the highest EPS estimate coming in at $1.86 and the lowest estimate coming in at $1.72. IBERIABANK reported earnings of $1.33 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 33.8%. The firm is scheduled to report its next quarterly earnings report on Friday, October 19th.

According to Zacks, analysts expect that IBERIABANK will report full year earnings of $6.57 per share for the current financial year, with EPS estimates ranging from $6.47 to $6.67. For the next financial year, analysts anticipate that the firm will report earnings of $7.13 per share, with EPS estimates ranging from $6.97 to $7.25. Zacks’ EPS averages are an average based on a survey of research analysts that cover IBERIABANK.

IBERIABANK (NASDAQ:IBKC) last released its quarterly earnings results on Friday, October 19th. The bank reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.06. The business had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $311.77 million. IBERIABANK had a net margin of 13.77% and a return on equity of 8.29%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share.

IBKC has been the topic of a number of research reports. BidaskClub upgraded shares of IBERIABANK from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. Stephens set a $91.00 target price on shares of IBERIABANK and gave the company a “hold” rating in a report on Friday. ValuEngine cut shares of IBERIABANK from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Finally, Zacks Investment Research upgraded shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.17.

NASDAQ:IBKC traded up $0.37 during trading hours on Friday, hitting $75.67. The company had a trading volume of 886,726 shares, compared to its average volume of 384,457. The stock has a market cap of $4.24 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.44. IBERIABANK has a 52 week low of $68.55 and a 52 week high of $87.55. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, September 27th. This is a boost from IBERIABANK’s previous quarterly dividend of $0.38. IBERIABANK’s payout ratio is 34.90%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. United Services Automobile Association raised its position in shares of IBERIABANK by 9.8% in the 2nd quarter. United Services Automobile Association now owns 9,099 shares of the bank’s stock worth $690,000 after purchasing an additional 810 shares during the last quarter. Aperio Group LLC raised its position in shares of IBERIABANK by 26.1% in the 2nd quarter. Aperio Group LLC now owns 4,388 shares of the bank’s stock worth $333,000 after purchasing an additional 907 shares during the last quarter. Amalgamated Bank raised its position in shares of IBERIABANK by 14.7% in the 2nd quarter. Amalgamated Bank now owns 7,655 shares of the bank’s stock worth $580,000 after purchasing an additional 983 shares during the last quarter. NJ State Employees Deferred Compensation Plan raised its position in shares of IBERIABANK by 16.7% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 7,000 shares of the bank’s stock worth $531,000 after purchasing an additional 1,000 shares during the last quarter. Finally, HGK Asset Management Inc. raised its position in shares of IBERIABANK by 19.4% in the 2nd quarter. HGK Asset Management Inc. now owns 6,992 shares of the bank’s stock worth $530,000 after purchasing an additional 1,138 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for IBERIABANK (NASDAQ:IBKC)

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