IBERIABANK Corp (IBKC) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 65

IBERIABANK Corp (IBKC) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 65 from a previous price target of $61 . FBR Capital advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on IBERIABANK Corp. FBR Capital Initiated IBERIABANK Corp on Mar 31, 2016 to “Outperform”, Price Target of the shares are set at $61.IBERIABANK Corp was Upgraded by Raymond James to ” Strong Buy” on Feb 1, 2016.

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.

IBERIABANK Corp closed down -0.15 points or -0.26% at $57.01 with 2,79,925 shares getting traded on Wednesday. Post opening the session at $56.82, the shares hit an intraday low of $55.65 and an intraday high of $57.68 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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