IBERIABANK Corp (IBKC) Releases Earnings Results, Beats Expectations By $0.05 EPS

IBERIABANK Corp (IBKC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.13. The company posted revenue of $227.70 million in the period, 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 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 .

IBERIABANK Corp opened for trading at $64 and hit $64.72 on the upside on Thursday, eventually ending the session at $63.49, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 2,84,254 shares. Company has a market cap of $2,618 M.

In a different news, on Nov 12, 2015, Elizabeth A Ardoin (SR EXECUTIVE VICE PRESIDENT) sold 2,250 shares at $64.00 per share price. According to the SEC, on Oct 30, 2015, Anthony J Restel (SEVP, CHIEF FINANCIAL OFFICER) sold 5,250 shares at $61.78 per share price. On Sep 16, 2015, Jefferson G Parker (VICE CHAIRMAN) sold 5,216 shares at $61.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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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