IBERIABANK Corp (IBKC) : Ronald Blue Co scooped up 32 additional shares in IBERIABANK Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 12,356 shares of IBERIABANK Corp which is valued at $844,409.IBERIABANK Corp makes up approximately 0.03% of Ronald Blue Co’s portfolio.
Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in IBKC by selling 107 shares or 23.83% in the most recent quarter. The Hedge Fund company now holds 342 shares of IBKC which is valued at $23,372. IBERIABANK Corp makes up approx 0.01% of Howe Rusling Inc’s portfolio.Msi Financial Services Inc boosted its stake in IBKC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 110 shares of IBERIABANK Corp which is valued at $7,369. Cutler Group Lp sold out all of its stake in IBKC during the most recent quarter. The investment firm sold 4,829 shares of IBKC which is valued $340,203.Bnp Paribas Arbitrage Sa boosted its stake in IBKC in the latest quarter, The investment management firm added 1,603 additional shares and now holds a total of 3,662 shares of IBERIABANK Corp which is valued at $253,667.Summit Financial Wealth Advisors reduced its stake in IBKC by selling 700 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 9,547 shares of IBKC which is valued at $661,321. IBERIABANK Corp makes up approx 0.29% of Summit Financial Wealth Advisors’s portfolio.
IBERIABANK Corp opened for trading at $67.87 and hit $68.69 on the upside on Friday, eventually ending the session at $68.34, with a gain of 2.02% or 1.35 points. The heightened volatility saw the trading volume jump to 2,13,379 shares. Company has a market cap of $2,804 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 Piper Jaffray to ” Overweight” on Oct 7, 2016. IBERIABANK Corp was Downgraded by Sandler O’Neill to ” Hold” on Sep 13, 2016. Company shares were Reiterated by FBR Capital on Sep 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .
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.