Piper Jaffray Cos. announced IBERIABANK Corp (NASDAQ:IBKC), upping its target price to $78.00 today
- Updated: October 7, 2016
Boasting a price of $70.31, IBERIABANK Corp (NASDAQ:IBKC) traded 0.53% higher on the day. With the last stock price close up 15.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. IBERIABANK Corp has recorded a 50-day average of $67.70 and a two hundred day average of $61.11. Volume of trade was down over the average, with 87,632 shares of IBKC changing hands under the typical 286,009
Piper Jaffray Cos. upped the price target of IBERIABANK Corp (NASDAQ:IBKC) to $78.00 indicating a possible upside of 0.11%.
With a total market value of $0, IBERIABANK Corp 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 equity analysts have released a ratings update on IBKC. Four equity analysts rating the company a strong buy, 1 firm rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a one year target of $62.50.
More About IBERIABANK Corp (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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.