Investment analysts at Wunderlich upped their price objective on shares of IBERIABANK Corp. (NASDAQ:IBKC) from $60.00 to $65.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. Wunderlich’s price objective would indicate a potential upside of 12.24% from the stock’s previous close.
IBERIABANK Corp. (NASDAQ: IBKC) opened at 58.22 on Thursday. IBERIABANK Corp. has a 52-week low of $44.28 and a 52-week high of $59.46. The stock’s 50-day moving average is currently $54.6. The company has a market cap of $1.729 billion and a price-to-earnings ratio of 29.78.
IBERIABANK Corp. (NASDAQ:IBKC) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.08. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, analysts predict that IBERIABANK Corp. will post $3.20 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of IBERIABANK Corp. from $55.00 to $62.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James downgraded shares of IBERIABANK Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a $54.00 price target on the stock. Finally, analysts at Iberia Capital upgraded shares of IBERIABANK Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 15th.
Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $58.33.
IBERIABANK Corporation (NASDAQ: IBKC), incorporated on November 21, 1994, is a financial holding company.