The VICE CHAIRMAN, CFO of Iberiabank (IBKC) is Selling Shares

Today, the VICE CHAIRMAN, CFO of Iberiabank (IBKC), Anthony Restel, sold shares of IBKC for $518K.

Following Anthony Restel’s last IBKC Sell transaction on August 31, 2016, the stock climbed by 8.4%. In addition to Anthony Restel, one other IBKC executive reported Sell trades in the last month.

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Based on Iberiabank’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $331 million and quarterly net profit of $129 million. In comparison, last year the company earned revenue of $324 million and had a net profit of $10.12 million. IBKC’s market cap is $4.05B and the company has a P/E ratio of 11.45. Currently, Iberiabank has an average volume of 104.2K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $90.33, reflecting a 22.0% upside.

In the last 30 days, insiders have sold $518K worth of IBKC shares and purchased $189K worth of IBKC shares. The insider sentiment on Iberiabank has been positive according to 111 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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. The firm provides cash management and investment brokerage solutions.

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