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Hovde Group issued a report on Iberiabank (NDAQ:IBKC), bumping its target to $87.00 earlier today

Hovde Group bumped up the target of Iberiabank (NDAQ:IBKC) to $87.00 stating a potential upside of 0.10%.

Boasting a price of $79.40, Iberiabank (NDAQ:IBKC) traded -2.63% lower on the day. With the last stock price close up 0.43% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Iberiabank has recorded a 50-day average of $78.13 and a two hundred day average of $79.21. Volume of trade was up over the average, with 936,740 shares of IBKC changing hands over the typical 338,627

Performance Chart

Iberiabank (NDAQ:IBKC)

With a total market value of $0, Iberiabank has price-earnings ratio of 19.38 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 research note on IBKC. 4 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $62.50.

Brief Synopsis On Iberiabank (NDAQ: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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