Fj Capital Management buys $13 Million stake in IBERIABANK Corp (IBKC)

IBERIABANK Corp (IBKC) : Fj Capital Management scooped up 7,000 additional shares in IBERIABANK Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 227,000 shares of IBERIABANK Corp which is valued at $13 Million.IBERIABANK Corp makes up approximately 2.52% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in IBKC in the latest quarter, The investment management firm added 270,610 additional shares and now holds a total of 2,344,834 shares of IBERIABANK Corp which is valued at $134.1 Million. IBERIABANK Corp makes up approx 0.08% of Dimensional Fund Advisors Lp’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in IBKC by selling 300 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 7,896 shares of IBKC which is valued at $451,572. Bluecrest Capital Management Ltd sold out all of its stake in IBKC during the most recent quarter. The investment firm sold 33,528 shares of IBKC which is valued $1.9 Million.American Century Companies Inc boosted its stake in IBKC in the latest quarter, The investment management firm added 39,719 additional shares and now holds a total of 114,489 shares of IBERIABANK Corp which is valued at $6.7 Million. IBERIABANK Corp makes up approx 0.01% of American Century Companies Inc’s portfolio.

IBERIABANK Corp opened for trading at $61.85 and hit $62.56 on the upside on Wednesday, eventually ending the session at $62.31, with a gain of 1.04% or 0.64 points. The heightened volatility saw the trading volume jump to 2,82,595 shares. Company has a market cap of $2,569 M.

On the company’s financial health, IBERIABANK Corp reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.98.Analysts expectations of $ 211.29.During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on IBERIABANK Corp. Company shares were Reiterated by Hovde Group on May 4, 2016 to “Market Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $50 .Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $61 .FBR Capital Initiated IBERIABANK Corp on Mar 31, 2016 to “Outperform”, Price Target of the shares are set at $61.

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.

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