Stieven Capital Advisors L.P. Has $10.99 Million Position in IBERIABANK Corporation (IBKC)
Stieven Capital Advisors L.P. boosted its position in shares of IBERIABANK Corporation (NASDAQ:IBKC) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,800 shares of the bank’s stock after buying an additional 9,800 shares during the period. IBERIABANK Corporation accounts for 2.1% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 19th largest position. Stieven Capital Advisors L.P. owned about 0.26% of IBERIABANK Corporation worth $10,986,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in IBKC. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in IBERIABANK Corporation by 37.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,899 shares of the bank’s stock worth $150,000 after buying an additional 520 shares in the last quarter. Karp Capital Management Corp bought a new stake in IBERIABANK Corporation during the first quarter worth about $214,000. Stephens Inc. AR bought a new stake in IBERIABANK Corporation during the first quarter worth about $214,000. US Bancorp DE boosted its stake in IBERIABANK Corporation by 1.4% in the first quarter. US Bancorp DE now owns 2,851 shares of the bank’s stock worth $225,000 after buying an additional 38 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in IBERIABANK Corporation by 0.7% in the second quarter. IFP Advisors Inc now owns 2,815 shares of the bank’s stock worth $229,000 after buying an additional 20 shares in the last quarter. 81.13% of the stock is owned by institutional investors.
Shares of IBERIABANK Corporation (NASDAQ IBKC) remained flat at $77.35 during mid-day trading on Monday. The stock had a trading volume of 6,551 shares. The stock has a market capitalization of $4.15 billion, a P/E ratio of 18.85 and a beta of 1.28. IBERIABANK Corporation has a one year low of $62.65 and a one year high of $91.10. The stock’s 50-day moving average is $79.67 and its 200-day moving average is $80.13.
IBERIABANK Corporation (NASDAQ:IBKC) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by $0.02. The company had revenue of $239.61 million for the quarter, compared to the consensus estimate of $236.73 million. IBERIABANK Corporation had a net margin of 20.08% and a return on equity of 6.86%. Equities research analysts anticipate that IBERIABANK Corporation will post $4.75 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Stieven Capital Advisors L.P. Has $10.99 Million Position in IBERIABANK Corporation (IBKC)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/08/28/stieven-capital-advisors-l-p-has-10-99-million-position-in-iberiabank-corporation-ibkc.html.
A number of analysts have recently issued reports on IBKC shares. Zacks Investment Research upgraded shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Wednesday, June 7th. Keefe, Bruyette & Woods set a $90.00 target price on shares of IBERIABANK Corporation and gave the stock a “buy” rating in a research note on Monday, June 5th. ValuEngine upgraded shares of IBERIABANK Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Stephens set a $95.00 target price on shares of IBERIABANK Corporation and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $89.00.
In related news, insider John R. Davis sold 6,141 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $80.12, for a total transaction of $492,016.92. Following the completion of the transaction, the insider now directly owns 60,553 shares in the company, valued at approximately $4,851,506.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.52% of the company’s stock.
About IBERIABANK Corporation
IBERIABANK Corporation is a financial holding company. The Company is a holding company for IBERIABANK, a Louisiana state chartered banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners LLC (ICP), a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc (IAM), which provides wealth management and trust advisory services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE, LLC (CDE), which invests in purchased tax credits.
Want to see what other hedge funds are holding IBKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IBERIABANK Corporation (NASDAQ:IBKC).
Receive News & Ratings for IBERIABANK Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBERIABANK Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.