IBERIABANK Corp (IBKC) : Seaward Management Limited Partnership reduced its stake in IBERIABANK Corp by 1.64% during the most recent quarter end. The investment management company now holds a total of 230,289 shares of IBERIABANK Corp which is valued at $13,158,713 after selling 3,831 shares in IBERIABANK Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.IBERIABANK Corp makes up approximately 0.70% of Seaward Management Limited Partnership’s portfolio.
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.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in IBKC during the most recent quarter. The investment firm sold 18,500 shares of IBKC which is valued $1,057,090. Cornerstone Advisors sold out all of its stake in IBKC during the most recent quarter. The investment firm sold 1,115 shares of IBKC which is valued $63,711. Carroll Financial Associates added IBKC to its portfolio by purchasing 230 company shares during the most recent quarter which is valued at $13,142. Skylands Capital sold out all of its stake in IBKC during the most recent quarter. The investment firm sold 15,500 shares of IBKC which is valued $819,795.Greylin Investment Mangement Inc boosted its stake in IBKC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 12,572 shares of IBERIABANK Corp which is valued at $617,537. IBERIABANK Corp makes up approx 0.15% of Greylin Investment Mangement Inc’s portfolio.
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. 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.
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.