IBERIABANK Corp (IBKC) : Denver Investment Advisors reduced its stake in IBERIABANK Corp by 6.05% during the most recent quarter end. The investment management company now holds a total of 340,861 shares of IBERIABANK Corp which is valued at $21,965,083 after selling 21,953 shares in IBERIABANK Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.IBERIABANK Corp makes up approximately 0.94% of Denver Investment Advisors’s portfolio.
Other Hedge Funds, Including , Victory Capital Management Inc boosted its stake in IBKC in the latest quarter, The investment management firm added 778 additional shares and now holds a total of 1,783 shares of IBERIABANK Corp which is valued at $114,897.Isthmus Partners reduced its stake in IBKC by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 9,233 shares of IBKC which is valued at $594,975. IBERIABANK Corp makes up approx 0.19% of Isthmus Partners’s portfolio. Kalos Management added IBKC to its portfolio by purchasing 35,512 company shares during the most recent quarter which is valued at $2,215,949. IBERIABANK Corp makes up approx 1.67% of Kalos Management’s portfolio.Pitcairn Co boosted its stake in IBKC in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 5,194 shares of IBERIABANK Corp which is valued at $329,196. IBERIABANK Corp makes up approx 0.04% of Pitcairn Co’s portfolio. Parametrica Management Ltd sold out all of its stake in IBKC during the most recent quarter. The investment firm sold 5,767 shares of IBKC which is valued $364,590.
IBERIABANK Corp opened for trading at $65.4 and hit $66 on the upside on Wednesday, eventually ending the session at $65.36, with a gain of 1.04% or 0.67 points. The heightened volatility saw the trading volume jump to 4,20,801 shares. Company has a market cap of $2,682 M.
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. IBERIABANK Corp was Upgraded by Keefe Bruyette to ” Outperform” on Aug 17, 2016. IBERIABANK Corp was Upgraded by FIG Partners to ” Outperform” on Aug 8, 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.