Zacks: Analysts Expect IBERIABANK Corp (IBKC) to Announce $1.65 Earnings Per Share

Brokerages expect that IBERIABANK Corp (NASDAQ:IBKC) will report $1.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for IBERIABANK’s earnings, with the lowest EPS estimate coming in at $1.58 and the highest estimate coming in at $1.71. IBERIABANK posted earnings of $1.37 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 18th.

According to Zacks, analysts expect that IBERIABANK will report full year earnings of $7.18 per share for the current financial year, with EPS estimates ranging from $6.95 to $7.30. For the next fiscal year, analysts forecast that the company will report earnings of $7.56 per share, with EPS estimates ranging from $7.29 to $7.80. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for IBERIABANK.

IBERIABANK (NASDAQ:IBKC) last posted its earnings results on Friday, January 25th. The bank reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.08. The company had revenue of $265.99 million for the quarter, compared to analyst estimates of $308.20 million. IBERIABANK had a net margin of 26.94% and a return on equity of 9.98%. During the same period last year, the business posted $1.33 earnings per share.



Several research firms have weighed in on IBKC. Zacks Investment Research lowered shares of IBERIABANK from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. BidaskClub downgraded shares of IBERIABANK from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, ValuEngine downgraded shares of IBERIABANK from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $88.25.

IBKC opened at $75.95 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.32 and a beta of 1.53. IBERIABANK has a twelve month low of $60.82 and a twelve month high of $87.50.

In related news, Vice Chairman Anthony J. Restel sold 7,000 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $74.01, for a total value of $518,070.00. Following the completion of the transaction, the insider now owns 57,592 shares of the company’s stock, valued at $4,262,383.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Scott Price sold 551 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $75.17, for a total transaction of $41,418.67. Following the completion of the transaction, the insider now directly owns 6,654 shares of the company’s stock, valued at approximately $500,181.18. The disclosure for this sale can be found here. Insiders have sold 21,502 shares of company stock valued at $1,609,475 in the last three months. 2.53% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of IBERIABANK by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,910,522 shares of the bank’s stock valued at $399,471,000 after acquiring an additional 61,188 shares during the period. Vanguard Group Inc lifted its stake in shares of IBERIABANK by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 4,910,522 shares of the bank’s stock worth $399,471,000 after buying an additional 61,188 shares during the last quarter. BlackRock Inc. lifted its stake in shares of IBERIABANK by 5.1% during the 4th quarter. BlackRock Inc. now owns 4,136,443 shares of the bank’s stock worth $265,890,000 after buying an additional 198,875 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of IBERIABANK by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,326,347 shares of the bank’s stock worth $149,538,000 after buying an additional 23,089 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of IBERIABANK by 48.8% during the 2nd quarter. FMR LLC now owns 1,351,625 shares of the bank’s stock worth $102,453,000 after buying an additional 443,127 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

About IBERIABANK

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.

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Earnings History and Estimates for IBERIABANK (NASDAQ:IBKC)

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