IberiaBank (NASDAQ:IBKC) has been upgraded from Neutral to Overweight in a report by Piper Jaffray today.
- Updated: October 7, 2016
Yesterday IberiaBank (NASDAQ:IBKC) traded 0.53% higher at $70.01. The company’s 50-day moving average is $67.70 and its 200-day moving average is $61.11. The last stock close price is up 15.17% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 87,632 shares of the stock were exchanged, down from an avg. volume of 286,009
Piper Jaffray has upgraded IberiaBank (NASDAQ:IBKC) from Neutral to Overweight in a report released on 10/07/2016.
With a total market value of $0, IberiaBank has price-earnings ratio of 16.38 with a one year low of $42.20 and a one year high of $70.76 .
A total of 12 brokerages have released a research note on the company. 4 firms rating the company a strong buy, one brokerage rating the stock a buy, 7 analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a consensus target price of $62.50.
About IberiaBank (NASDAQ:IBKC)
IBERIABANK Corporation is a financial holding company. The Company is the holding company for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency; IBERIA Capital Partners, LLC, a corporate finance services firm; 1887 Leasing, LLC, a holding company for its aircraft; IBERIA Asset Management, Inc., which provides wealth management and trust services to high net worth individuals, pension funds, corporations and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE L.L.C., which invests in purchased tax credits. IBERIABANK offers commercial and retail banking products and services to customers throughout locations in over seven states. It operates over 320 combined offices; over 20 title insurance offices; mortgage representatives in over 70 locations; over eight wealth management locations in over five states, and one IBERIA Capital Partners L.L.C. office in Louisiana.
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