The stock of IBERIABANK Corp (NASDAQ:IBKC) hit a new 52-week high and has $93.00 target or 25.00% above today’s $74.40 share price. The 9 months bullish chart indicates low risk for the $3.20B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $93.00 price target is reached, the company will be worth $800.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 580,508 shares traded hands or 52.89% up from the average. IBERIABANK Corp (NASDAQ:IBKC) has risen 49.74% since April 11, 2016 and is uptrending. It has outperformed by 43.59% the S&P500.
IBERIABANK Corp (NASDAQ:IBKC) Ratings Coverage
Out of 8 analysts covering IberiaBank (NASDAQ:IBKC), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. IberiaBank has been the topic of 15 analyst reports since August 25, 2015 according to StockzIntelligence Inc. FBR Capital initiated the shares of IBKC in a report on Thursday, March 31 with “Outperform” rating. The company was upgraded on Tuesday, August 25 by Raymond James. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Outperform” rating given on Wednesday, September 7 by FBR Capital. Wood upgraded the shares of IBKC in a report on Wednesday, August 17 to “Outperform” rating. FBR Capital maintained IBERIABANK Corp (NASDAQ:IBKC) rating on Friday, April 29. FBR Capital has “Outperform” rating and $65 price target. The stock has “Overweight” rating given by Piper Jaffray on Friday, October 7. As per Thursday, October 27, the company rating was downgraded by Raymond James. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Neutral” rating given on Thursday, January 7 by Piper Jaffray. Sandler O’Neill downgraded the shares of IBKC in a report on Tuesday, September 13 to “Hold” rating. As per Thursday, October 1, the company rating was upgraded by Sandler O’Neill.
According to Zacks Investment Research, “IBERIABANK Corporation is a commercial bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q2. Its down 0.07, from 1.39 in 2016Q1. The ratio is negative, as 18 funds sold all IBERIABANK Corp shares owned while 57 reduced positions. 29 funds bought stakes while 70 increased positions. They now own 32.06 million shares or 3.79% more from 30.89 million shares in 2016Q1.
Parametric Assoc Ltd Limited Liability Company has 0.01% invested in the company for 79,921 shares. Tiaa Cref Inv Mgmt Lc accumulated 0.01% or 202,714 shares. Banc Funds Co Ltd Liability Company accumulated 180,534 shares or 0.63% of the stock. Kennedy Capital Mgmt holds 0.14% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC) for 114,653 shares. Brandywine Glob Inv Lc accumulated 0.05% or 128,724 shares. Meeder Asset Mngmt holds 0.02% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC) for 2,994 shares. Moreover, Public Employees Retirement Association Of Colorado has 0% invested in IBERIABANK Corp (NASDAQ:IBKC) for 7,456 shares. Keeley Asset Mgmt Corp has invested 1.07% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Hancock Communication holds 14,375 shares or 0.04% of its portfolio. Trust Of Vermont has 65 shares for 0% of their US portfolio. Kcg Inc, a New Jersey-based fund reported 10,022 shares. Moreover, Summit Gp Limited Liability Company has 0.12% invested in IBERIABANK Corp (NASDAQ:IBKC) for 3,732 shares. Deutsche National Bank & Trust Ag last reported 96,848 shares in the company. Jacobs Levy Equity Mngmt Incorporated accumulated 0.01% or 12,040 shares. Teacher Retirement System Of Texas has invested 0% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC).
Insider Transactions: Since August 29, 2016, the stock had 0 insider buys, and 4 insider sales for $1.80 million net activity. Another trade for 2,455 shares valued at $168,364 was sold by ARDOIN ELIZABETH A. $582,251 worth of IBERIABANK Corp (NASDAQ:IBKC) shares were sold by DAVIS JOHN R. $822,080 worth of IBERIABANK Corp (NASDAQ:IBKC) shares were sold by BYRD DARYL G. $231,333 worth of IBERIABANK Corp (NASDAQ:IBKC) was sold by Restel Anthony J.
More recent IBERIABANK Corp (NASDAQ:IBKC) news were published by: Marketwatch.com which released: “IBERIABANK Corp.” on May 20, 2009. Also Prnewswire.com published the news titled: “IBERIABANK Corporation Names Rick E. Maples And Dr. Eli Jones To Board Of …” on June 27, 2016. Reuters.com‘s news article titled: “BRIEF-IBERIABANK Corp Q3 earnings per share $1.08” with publication date: October 26, 2016 was also an interesting one.
IBKC Company Profile
IBERIABANK Corporation, incorporated on November 21, 1994, is a financial holding company. The Firm is the holding firm 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); 1887 Leasing, LLC, a holding firm for its aircraft; IBERIA Asset Management, Inc. (IAM), which provides wealth management and trust services to high net worth individuals, pension funds, firms and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE L.L.C. (CDE), which invests in purchased tax credits. IBERIABANK offers commercial and retail banking services and products to clients throughout locations in over seven states, including Louisiana, Alabama, Florida, Arkansas, Tennessee, and Texas. It operates over 320 combined offices, including over 220 bank branch offices and over three loan production offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas; over 20 title insurance offices in Arkansas and Louisiana; mortgage representatives in over 70 locations in over 10 states; over eight wealth management locations in over five states, and one IBERIA Capital Partners L.L.C. office in Louisiana.
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