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A statement released earlier today by Hovde Group about IBERIABANK Corp (NASDAQ:IBKC) bumps the target price to $87.00

Hovde Group bumped up the target of IBERIABANK Corp (NASDAQ:IBKC) to $87.00 stating a potential upside of 0.12%.

Boasting a price of $77.60, IBERIABANK Corp (NASDAQ:IBKC) traded 0.69% higher on the day. With the last stock price close down 1.09% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. IBERIABANK Corp has recorded a 50-day average of $78.46 and a two hundred day average of $79.24. Volume of trade was up over the average, with 500,846 shares of IBKC changing hands over the typical 348,968

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With a total market value of $0, IBERIABANK Corp has price-earnings ratio of 19.52 with a one year low of $62.66 and a one year high of $91.10 .

A total of 12 equity analysts have released a ratings update on IBKC. Four equity analysts rating the company a strong buy, one equity analyst rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $62.50.

Brief Synopsis About IBERIABANK Corp (NASDAQ:IBKC)

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. IBERIABANK offers commercial and retail banking products and services. These products and services include an array of commercial, consumer, mortgage, and private banking products and services, trust advisory services, cash management, deposit and annuity products.

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