IBERIABANK Corp (IBKC) : Seaward Management Limited Partnership reduced its stake in IBERIABANK Corp by 0.31% during the most recent quarter end. The investment management company now holds a total of 229,584 shares of IBERIABANK Corp which is valued at $14,551,034 after selling 705 shares in IBERIABANK Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.IBERIABANK Corp makes up approximately 0.77% of Seaward Management Limited Partnership’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in IBKC by selling 600 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 22,500 shares of IBKC which is valued at $1,426,050. IBERIABANK Corp makes up approx 0.01% of Strs Ohio’s portfolio.Msi Financial Services Inc boosted its stake in IBKC in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 109 shares of IBERIABANK Corp which is valued at $6,908.Nn Investment Partners Holdings N.v. reduced its stake in IBKC by selling 280 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 11,285 shares of IBKC which is valued at $700,911. IBERIABANK Corp makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Creative Planning boosted its stake in IBKC in the latest quarter, The investment management firm added 1,927 additional shares and now holds a total of 8,681 shares of IBERIABANK Corp which is valued at $539,177.
IBERIABANK Corp closed down -1.02 points or -1.61% at $62.47 with 4,25,829 shares getting traded on Friday. Post opening the session at $63.78, the shares hit an intraday low of $61.9 and an intraday high of $63.78 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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 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.