Media headlines about IBERIABANK Corp (NASDAQ:IBKC) have trended somewhat positive recently, Alpha One Sentiment Analysis reports. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. IBERIABANK Corp earned a daily sentiment score of 0.01 on Alpha One’s scale. Alpha One also assigned news coverage about the bank an impact score of 16 out of 100, indicating that recent news coverage is very unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected AlphaOne Sentiment’s scoring:
- IBERIABANK Corp. – Value Analysis (NASDAQ:IBKC) : May 19, 2017 (finance.yahoo.com)
- IBERIABANK Corp (IBKC) Lifted to Strong-Buy at Raymond James Financial, Inc. (americanbankingnews.com)
- IBERIABANK Corp. breached its 50 day moving average in a Bearish Manner : IBKC-US : May 18, 2017 (finance.yahoo.com)
- IBERIABANK Corp (IBKC) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- E Stewart Shea III Sells 4,147 Shares of IBERIABANK Corp (IBKC) Stock (americanbankingnews.com)
Shares of IBERIABANK Corp (NASDAQ:IBKC) opened at 78.50 on Friday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.18 and a beta of 1.22. The firm’s 50-day moving average is $78.93 and its 200 day moving average is $80.78. IBERIABANK Corp has a 52-week low of $55.15 and a 52-week high of $91.10.
IBERIABANK Corp (NASDAQ:IBKC) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. IBERIABANK Corp had a return on equity of 7.65% and a net margin of 19.65%. The company had revenue of $220.16 million during the quarter, compared to analyst estimates of $219.98 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. IBERIABANK Corp’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that IBERIABANK Corp will post $4.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 29th. IBERIABANK Corp’s payout ratio is 33.49%.
A number of analysts have recently commented on the stock. Piper Jaffray Companies lowered shares of IBERIABANK Corp from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $92.00 to $89.00 in a research report on Wednesday, March 1st. Barclays PLC raised shares of IBERIABANK Corp to an “outperform” rating and set a $97.00 price objective on the stock in a research report on Monday, May 1st. Robert W. Baird raised shares of IBERIABANK Corp from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $88.00 to $97.00 in a research report on Monday, May 1st. JMP Securities raised shares of IBERIABANK Corp from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research report on Friday, March 10th. Finally, Raymond James Financial, Inc. raised shares of IBERIABANK Corp from an “outperform” rating to a “strong-buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.90.
In other news, Director E Stewart Shea III sold 4,147 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $80.65, for a total transaction of $334,455.55. Following the completion of the transaction, the director now owns 13,179 shares of the company’s stock, valued at $1,062,886.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Haddon Spurgeon Mackie, Jr. sold 1,490 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $79.93, for a total value of $119,095.70. Following the completion of the sale, the executive vice president now owns 13,912 shares of the company’s stock, valued at approximately $1,111,986.16. The disclosure for this sale can be found here. Insiders have sold 45,210 shares of company stock valued at $3,634,309 in the last three months. 3.17% of the stock is owned by insiders.
About IBERIABANK Corp
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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