Cerebellum GP LLC boosted its stake in shares of IBERIABANK Corp (NASDAQ:IBKC) by 92.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,970 shares of the bank’s stock after acquiring an additional 1,912 shares during the period. Cerebellum GP LLC’s holdings in IBERIABANK were worth $255,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IBKC. Vanguard Group Inc grew its holdings in shares of IBERIABANK by 1.3% in the third quarter. Vanguard Group Inc now owns 4,910,522 shares of the bank’s stock valued at $399,471,000 after purchasing an additional 61,188 shares during the period. Matthew Goff Investment Advisor LLC purchased a new stake in shares of IBERIABANK in the third quarter valued at about $301,000. Belpointe Asset Management LLC purchased a new stake in shares of IBERIABANK in the third quarter valued at about $153,000. Vanguard Group Inc. grew its holdings in shares of IBERIABANK by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,910,522 shares of the bank’s stock valued at $399,471,000 after purchasing an additional 61,188 shares during the period. Finally, Morgan Stanley grew its holdings in shares of IBERIABANK by 14.5% in the third quarter. Morgan Stanley now owns 169,171 shares of the bank’s stock valued at $13,761,000 after purchasing an additional 21,431 shares during the period. Institutional investors own 87.29% of the company’s stock.

NASDAQ IBKC opened at $70.32 on Friday. IBERIABANK Corp has a 12 month low of $60.82 and a 12 month high of $87.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.21 and a beta of 1.36.

IBERIABANK (NASDAQ:IBKC) last posted its earnings results on Friday, October 19th. The bank reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.06. IBERIABANK had a net margin of 18.32% and a return on equity of 9.38%. The company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $311.77 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. IBERIABANK’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, analysts predict that IBERIABANK Corp will post 6.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Monday, December 31st will be given a $0.41 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.64 dividend on an annualized basis and a yield of 2.33%. This is a boost from IBERIABANK’s previous quarterly dividend of $0.39. IBERIABANK’s dividend payout ratio is presently 36.69%.

A number of equities research analysts recently issued reports on the stock. ValuEngine lowered shares of IBERIABANK from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Zacks Investment Research raised shares of IBERIABANK from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, November 6th. BidaskClub cut shares of IBERIABANK from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Stephens raised shares of IBERIABANK from an “equal” rating to a “weight” rating and upped their target price for the company from $78.00 to $85.00 in a research report on Wednesday, December 19th. Finally, Hovde Group raised shares of IBERIABANK from a “market perform” rating to an “outperform” rating and upped their target price for the company from $82.00 to $86.00 in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. IBERIABANK has a consensus rating of “Hold” and an average target price of $83.25.

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IBERIABANK Company Profile

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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Institutional Ownership by Quarter for IBERIABANK (NASDAQ:IBKC)

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