IBERIABANK (IBKC) Getting Somewhat Favorable Press Coverage, Accern Reports

News headlines about IBERIABANK (NASDAQ:IBKC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. IBERIABANK earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.766150704125 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of brokerages have weighed in on IBKC. ValuEngine raised IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised IBERIABANK from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Thursday, September 28th. Piper Jaffray Companies raised IBERIABANK from a “neutral” rating to an “overweight” rating and set a $89.00 price target on the stock in a research note on Tuesday, August 15th. SunTrust Banks raised IBERIABANK from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, BidaskClub lowered IBERIABANK from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. IBERIABANK has a consensus rating of “Buy” and an average target price of $89.27.

IBERIABANK (IBKC) opened at $76.55 on Wednesday. IBERIABANK has a 52 week low of $68.55 and a 52 week high of $91.10. The firm has a market capitalization of $3,948.68, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31.

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

In other news, Director William H. Fenstermaker bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $71.81 per share, with a total value of $179,525.00. Following the transaction, the director now owns 43,242 shares of the company’s stock, valued at approximately $3,105,208.02. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John R. Davis sold 3,263 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $74.24, for a total value of $242,245.12. Following the completion of the transaction, the insider now directly owns 57,886 shares in the company, valued at $4,297,456.64. The disclosure for this sale can be found here. Company insiders own 2.52% of the company’s stock.

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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 (NASDAQ:IBKC)

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