Trade Report: The FY2016 EPS Estimates for Iberiabank Corp. (IBKC) Reduced by FBR & Co

The FY2016 EPS Estimates for Iberiabank Corp. (IBKC) Reduced by FBR & Co

Iberiabank Corp. (NASDAQ:IBKC) – Analysts at FBR & Co decreased their FY2016 earnings per share estimates for Iberiabank Corp. in a research report issued on Friday. FBR & Co analyst C. Nolan now expects that the brokerage will post earnings of $4.41 per share for the year, down from their previous forecast of $4.58. FBR & Co currently has a “Buy” rating and a $73.00 target price on the stock. FBR & Co also issued estimates for Iberiabank Corp.’s Q4 2016 earnings at $1.14 EPS, Q1 2017 earnings at $1.12 EPS, Q2 2017 earnings at $1.23 EPS, FY2017 earnings at $4.85 EPS, Q2 2018 earnings at $1.38 EPS and FY2018 earnings at $5.20 EPS.

Iberiabank Corp. (NASDAQ:IBKC) last announced its earnings results on Wednesday, October 26th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.20 by $0.12. Iberiabank Corp. had a return on equity of 7.58% and a net margin of 19.67%. The firm earned $223.23 million during the quarter, compared to analyst estimates of $41.83 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year.

Several other equities research analysts also recently commented on the stock. FIG Partners upgraded shares of Iberiabank Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, August 8th. Zacks Investment Research downgraded shares of Iberiabank Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Iberia Capital upgraded shares of Iberiabank Corp. from a “neutral” rating to an “overweight” rating and set a $78.00 price target on the stock in a research report on Friday, October 7th. Raymond James Financial Inc. upgraded shares of Iberiabank Corp. from a “market perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a research report on Thursday, August 25th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $72.00 price target (up previously from $70.00) on shares of Iberiabank Corp. in a research report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Iberiabank Corp. currently has an average rating of “Buy” and a consensus price target of $65.90.

Iberiabank Corp. (NASDAQ:IBKC) opened at 65.625 on Monday. The firm has a 50 day moving average of $68.13 and a 200 day moving average of $63.14. Iberiabank Corp. has a one year low of $42.20 and a one year high of $71.50. The firm has a market capitalization of $2.70 billion, a PE ratio of 15.121 and a beta of 1.10.

The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, September 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This is a boost from Iberiabank Corp.’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.19%. Iberiabank Corp.’s dividend payout ratio is 33.18%.

In other news, insider John R. Davis sold 8,560 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $68.02, for a total value of $582,251.20. Following the completion of the sale, the insider now directly owns 57,264 shares of the company’s stock, valued at approximately $3,895,097.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Anthony J. Restel sold 3,342 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $69.22, for a total value of $231,333.24. Following the completion of the sale, the executive vice president now directly owns 36,405 shares of the company’s stock, valued at $2,519,954.10. The disclosure for this sale can be found here. 3.17% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Iberiabank Corp. by 77.4% in the second quarter. Victory Capital Management Inc. now owns 1,783 shares of the company’s stock worth $106,000 after buying an additional 778 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Iberiabank Corp. by 7,000.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock worth $123,000 after buying an additional 2,030 shares during the period. Advisor Group Inc. bought a new stake in shares of Iberiabank Corp. during the second quarter worth approximately $125,000. Johnson Financial Group Inc. boosted its stake in shares of Iberiabank Corp. by 25.0% in the second quarter. Johnson Financial Group Inc. now owns 2,550 shares of the company’s stock worth $152,000 after buying an additional 510 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Iberiabank Corp. by 368.3% in the second quarter. Sei Investments Co. now owns 2,604 shares of the company’s stock worth $155,000 after buying an additional 2,048 shares during the period. 81.61% of the stock is owned by institutional investors.

About Iberiabank Corp.

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