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Iberiabank (NDAQ:IBKC) target price lowered to $82.00, issued a report today by Hovde Group

Iberiabank (NDAQ:IBKC) had its price target dropped to $82.00 by Hovde Group in a report released 10/23/2017. The new stock price target indicates a possible upside of 0.12% based on the company's previous stock price.

Yesterday Iberiabank (NDAQ:IBKC) traded -5.86% lower at $73.00. The company’s 50-day moving average is $78.52 and its 200-day moving average is $79.23. The last stock close price is down -4.77% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 3,012,264 shares of Iberiabank traded, up from an avg. volume of 392,915

Performance Chart

Iberiabank (NDAQ:IBKC)

With a total market value of $0, Iberiabank has PE ratio of 18.38 with a one year low of $62.65 and a one year high of $91.10 .

A total of 12 brokerages have issued a ratings update on Iberiabank. Four brokerages rating the company a strong buy, one brokerage rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $62.50.

General Company Details For 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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