IBERIABANK Corp (IBKC) : Sfmg reduced its stake in IBERIABANK Corp by 12.65% during the most recent quarter end. The investment management company now holds a total of 24,259 shares of IBERIABANK Corp which is valued at $1,550,878 after selling 3,513 shares in IBERIABANK Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.IBERIABANK Corp makes up approximately 0.34% of Sfmg’s portfolio.
Other Hedge Funds, Including , Squarepoint Ops added IBKC to its portfolio by purchasing 4,900 company shares during the most recent quarter which is valued at $313,257. IBERIABANK Corp makes up approx 0.02% of Squarepoint Ops’s portfolio.Johnson Financial Group boosted its stake in IBKC in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 2,550 shares of IBERIABANK Corp which is valued at $163,022. IBERIABANK Corp makes up approx 0.02% of Johnson Financial Group’s portfolio.Raymond James Associates boosted its stake in IBKC in the latest quarter, The investment management firm added 28,105 additional shares and now holds a total of 64,983 shares of IBERIABANK Corp which is valued at $4,154,363. IBERIABANK Corp makes up approx 0.01% of Raymond James Associates’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in IBKC by selling 481 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 13,660 shares of IBKC which is valued at $882,709.Smith Graham Investment Advisors Lp reduced its stake in IBKC by selling 5,380 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 83,758 shares of IBKC which is valued at $5,308,582. IBERIABANK Corp makes up approx 0.69% of Smith Graham Investment Advisors Lp’s portfolio.
IBERIABANK Corp closed down -0.38 points or -0.55% at $68.39 with 2,57,650 shares getting traded on Thursday. Post opening the session at $68.86, the shares hit an intraday low of $67.49 and an intraday high of $69.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, IBERIABANK Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.13. The company had revenue of $227.70 million for the quarter, compared to analysts expectations of $225.06 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.
Many Wall Street Analysts have commented on IBERIABANK Corp. Company shares were Reiterated by FBR Capital on Sep 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .IBERIABANK Corp was Upgraded by Keefe Bruyette to ” Outperform” on Aug 17, 2016. IBERIABANK Corp was Upgraded by FIG Partners to ” Outperform” on Aug 8, 2016.
IBERIABANK Corporation is a financial holding company. The Company is the holding company for IBERIABANK a Louisiana banking corporation; Lenders Title Company an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC a corporate finance services firm (ICP); IB Aircraft Holdings LLC a holding company for the Company’s fractional investment in an aircraft 1887 Leasing LLC a holding company for its investment in a separate aircraft; IBERIA Asset Management Inc. (IAM) which provides wealth management and trust services to high net worth individuals pension funds corporations and trusts and IBERIA CDE L.L.C. (CDE) which invests in purchased tax credits. IBERIABANK offers commercial and retail banking products and services to customers throughout locations in six states including Louisiana Alabama Florida Arkansas Tennessee and Texas. The Bank operates in 314 locations with 216 bank branch offices.