The VICE CHAIRMAN of Iberiabank is Exercising Options


Today it was reported that the VICE CHAIRMAN of Iberiabank (IBKC), Jefferson Parker, exercised options to sell 10,000 IBKC shares at $47.67 a share, for a total transaction value of $758.6K. The options were close to expired and Jefferson Parker disposed stocks.

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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 $3.97B and the company has a P/E ratio of 9.97. Currently, Iberiabank has an average volume of 214.3K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.00, reflecting a 13.9% upside.

The insider sentiment on Iberiabank has been neutral according to 88 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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