Robert W. Baird Cuts Price Target on IBERIABANK (IBKC)
Investment analysts at Robert W. Baird cut their target price on shares of IBERIABANK (NASDAQ: IBKC) from $50.00 to $46.00 in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock.
Shares of IBERIABANK opened at 46.05 on Wednesday. IBERIABANK has a one year low of $42.51 and a one year high of $59.64. The company has a market cap of $1.360 billion and a P/E ratio of 23.12.
A number of other analysts have also recently weighed in on IBKC. Analysts at Raymond James (NYSE: RJF) downgraded shares of IBERIABANK from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at Stifel Nicolaus downgraded shares of IBERIABANK from a “buy” rating to a “hold” rating in a research note to investors on Friday, April 20th. They now have a $58.00 price target on the stock. Finally, analysts at Wunderlich downgraded shares of IBERIABANK from a “buy” rating to a “hold” rating in a research note to investors on Friday, April 20th. They now have a $55.00 price target on the stock, down previously from $65.00.
IBERIABANK Corporation (IBERIABANK) is a multi-bank financial holding company with 209 combined offices, including 136 bank branch offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 47 locations in 12 states.