Jefferies Keeps a Hold Rating on Iberiabank

By Ryan Adsit

Jefferies analyst Ken Usdin reiterated a Hold rating on Iberiabank (NASDAQ: IBKC) yesterday and set a price target of $89. The company’s shares closed yesterday at $74.50.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Iberiabank has an analyst consensus of Strong Buy, with a price target consensus of $92.

Iberiabank’s market cap is currently $3.8B and has a P/E ratio of 18.13. The company has a book value ratio of 1.1274.

Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. Last month, John R. Davis, the SEVP of IBKC sold 6,141 shares for a total of $492,017.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

IBERIABANK Corp. operates as a financial holding company for Iberiabank, which engages in the provision of commercial, consumer, mortgage, and private banking products and services, cash management, deposit and annuity products and investment brokerage services. It operates through the following segments: IBERIABANK, IMC, and LTC.