Today it was reported that the President & CEO of Iberiabank (IBKC), Daryl Byrd, exercised options to sell 13,750 IBKC shares at $54.43 a share, for a total transaction value of $1.07M.
Following Daryl Byrd’s last IBKC Sell transaction on May 06, 2015, the stock climbed by 17.9%. In addition to Daryl Byrd, 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 June 30, the company posted quarterly revenue of $395 million and quarterly net profit of $101 million. In comparison, last year the company earned revenue of $356 million and had a net profit of $74.36 million. IBKC’s market cap is $4.16B and the company has a P/E ratio of 9.97. Currently, Iberiabank has an average volume of 247.2K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.00, reflecting a 11.4% upside.
The insider sentiment on Iberiabank has been neutral according to 89 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.
