Raymond James Lowers IBERIABANK to Outperform (IBKC)

By admin | 6 years ago

IBERIABANK (NASDAQ: IBKC) was downgraded by equities researchers at Raymond James (NYSE: RJF) from a “strong-buy” rating to an “outperform” rating in a report issued on Tuesday.

Shares of IBERIABANK traded up 0.11% during mid-day trading on Tuesday, hitting $45.91. IBERIABANK has a one year low of $42.51 and a one year high of $59.64. The company has a market cap of $1.355 billion and a P/E ratio of 23.02.

A number of other firms have also recently commented on IBKC. 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. 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.

About the author