Iberiabank (IBKC) Upgraded at Zacks Investment Research

Elias Hubbard
April 21, 2018

The stock increased 1.49% or $1.15 during the last trading session, reaching $78.4. About 407,077 shares traded or 13.92% up from the average.

Iberiabank (NASDAQ:IBKC) last posted its quarterly earnings results on Thursday, April 19th. It has underperformed by 9.04% the S&P500.The move comes after 7 months negative chart setup for the $4.09B company.

Glg Llc increased its stake in Starbucks Corp (SBUX) by 14.93% based on its latest 2017Q4 regulatory filing with the SEC. Parametric Associate Ltd Limited Liability Company accumulated 0.01% or 73,457 shares. The hedge fund held 76,960 shares of the restaurants company at the end of 2017Q4, valued at $4.42 million, up from 66,960 at the end of the previous reported quarter. Tower Research Cap Ltd Liability Corp (Trc) invested in 0% or 12 shares. About 5.24M shares traded.

Glg Llc, which manages about $4.34B and $1.39B US Long portfolio, decreased its stake in Amgen Inc (NASDAQ:AMGN) by 2,000 shares to 37,178 shares, valued at $6.47M in 2017Q4, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 27,576 shares in the quarter, for a total of 146,869 shares, and has risen its stake in Ishares Core S&P Small (IJR).

Investors sentiment decreased to 1.16 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. Cornerstone Capital Management Holdings LLC. now owns 65,500 shares of the bank's stock worth $5,076,000 after purchasing an additional 37,500 shares during the last quarter. 38 funds opened positions while 71 raised stakes. (NASDAQ:FB). Leavell Inv Mgmt Inc reported 11,071 shares. 922 were accumulated by Parkside Commercial Bank And Tru. Schwab Charles Invest Inc accumulated 0.02% or 294,566 shares. Manufacturers Life Insur The holds 38,204 shares or 0% of its portfolio. 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. Bank of Montreal Can now owns 3,076 shares of the bank's stock valued at $239,000 after purchasing an additional 1,794 shares during the period. Pitcairn has 4,179 shares for 0.03% of their portfolio. The stock of IBERIABANK Corporation (NASDAQ:IBKC) earned "Equal-Weight" rating by Stephens on Friday, October 20. Cahill stated it has 2,338 shares or 0.21% of all its holdings. State Board Of Administration Of Florida Retirement Sys has invested 0% in IBERIABANK Corporation (NASDAQ:IBKC). The New Jersey-based Raab & Moskowitz Asset Management Limited Liability Co has invested 0.9% in Starbucks Corporation (NASDAQ:SBUX). Laurion Capital Mngmt Lp holds 22,810 shares or 0.01% of its portfolio. Parnassus Ca holds 9.31 million shares. Envestnet Asset Incorporated reported 979 shares. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Therefore 33% are positive. Starbucks Corporation had 105 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Friday, January 26 by RBC Capital Markets. The rating was maintained by SunTrust on Tuesday, October 24 with "Hold". The company has an average rating of "Buy" and a consensus price target of $89.55. The rating was downgraded by Raymond James on Wednesday, December 20 to "Hold". The rating was maintained by JP Morgan on Wednesday, August 12 with "Hold". Wood upgraded the stock to "Outperform" rating in Wednesday, August 17 report. The rating was maintained by Jefferies on Monday, January 8 with "Buy". Piper Jaffray set a $95.00 price objective on Iberiabank and gave the company a buy rating in a report on Monday, January 29th. Shares for $3.60M were sold by WEATHERUP CRAIG. This is an increase from Iberiabank's previous quarterly dividend of $0.37. Therefore 50% are positive.

Analysts expect that Iberiabank (NASDAQ:IBKC) will announce sales of $307.05 million for the current quarter, according to Zacks Investment Research. Hovde Group maintained IBERIABANK Corporation (NASDAQ:IBKC) rating on Friday, February 9. BidaskClub upgraded shares of Iberiabank from a "hold" rating to a "buy" rating in a research report on Tuesday, January 16th. The firm has "Buy" rating given on Monday, October 23 by Keefe Bruyette & Woods. Robert W. Baird maintained IBERIABANK Corporation (NASDAQ:IBKC) on Thursday, October 5 with "Buy" rating.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Other reports by Click Lancashire

Discuss This Article