Insider Analysis: An Insider Haddon Mackie Unloaded 1501 shares of IBERIABANK Corp (NASDAQ:IBKC)

November 23, 2016 - By Winifred Garcia

Insider Analysis: An Insider Haddon Mackie Unloaded 1501 shares of IBERIABANK Corp (NASDAQ:IBKC)

Haddon Mackie Insider Sell

Haddon Mackie, an insider and also EVP – CHIEF CREDIT OFFICER of the big company Iberiabank Corp made deal. He unloaded 1,501 shares of the company with the deal having a value near $121,457 US Dollars – at an average $80.9 for share. Haddon now owns 13,449 shares accounting for 0.03% of the Company’s market cap The date of transaction was November 23, 2016, and it was made public in a SEC-filed report, which you can see here.

IBERIABANK Corp (NASDAQ:IBKC) Ratings Coverage

Out of 8 analysts covering IberiaBank (NASDAQ:IBKC), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $73 is the highest target while $60 is the lowest. The $65.67 average target is -19.91% below today’s ($82) stock price. IberiaBank has been the topic of 15 analyst reports since August 25, 2015 according to StockzIntelligence Inc. As per Thursday, March 31, the company rating was initiated by FBR Capital. The rating was upgraded by Raymond James to “Mkt Perform” on Tuesday, August 25. FBR Capital maintained IBERIABANK Corp (NASDAQ:IBKC) on Wednesday, September 7 with “Outperform” rating. Sandler O’Neill upgraded the stock to “Buy” rating in Thursday, October 1 report. The firm earned “Neutral” rating on Thursday, January 7 by Piper Jaffray. The stock of IBERIABANK Corp (NASDAQ:IBKC) earned “Hold” rating by Sandler O’Neill on Tuesday, September 13. Piper Jaffray upgraded IBERIABANK Corp (NASDAQ:IBKC) on Friday, October 7 to “Overweight” rating. Raymond James downgraded IBERIABANK Corp (NASDAQ:IBKC) on Thursday, October 27 to “Outperform” rating. The company was upgraded on Wednesday, August 17 by Wood. The company was upgraded on Tuesday, January 19 by Hovde Group.

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.21, from 1.32 in 2016Q1. The ratio worsened, as 18 funds sold all IBERIABANK Corp shares owned while 57 reduced positions. 29 funds bought stakes while 70 increased positions. They now own 32.06 million shares or 3.79% more from 30.89 million shares in 2016Q1.

Vanguard Gru Inc holds 0.01% or 2.93 million shares in its portfolio. Summit Fincl Wealth Advisors Ltd Co last reported 0.26% of its portfolio in the stock. The Illinois-based Northern Trust has invested 0.02% in IBERIABANK Corp (NASDAQ:IBKC). Great West Life Assurance Can has invested 0% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Moreover, Us Bank De has 0% invested in IBERIABANK Corp (NASDAQ:IBKC) for 2,430 shares. Gotham Asset Lc accumulated 0% or 4,026 shares. Seaward Mgmt Limited Partnership accumulated 0.75% or 229,584 shares. Metropolitan Life Ins New York accumulated 29,563 shares or 0.01% of the stock. Swiss National Bank last reported 0.01% of its portfolio in the stock. National Bank & Trust Of Mellon Corporation has invested 0.01% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Blackrock Fund owns 1.04M shares or 0.01% of their US portfolio. Raymond James & Associate, a Florida-based fund reported 64,983 shares. Ascend Limited Liability Corp reported 276,950 shares or 1.08% of all its holdings. The Ohio-based Meeder Asset Management has invested 0.02% in IBERIABANK Corp (NASDAQ:IBKC). Manufacturers Life Insurance The has 0% invested in the company for 27,318 shares.

Insider Transactions: Since August 29, 2016, the stock had 0 insider buys, and 6 sales for $3.91 million net activity. Another trade for 2,455 shares valued at $168,364 was made by ARDOIN ELIZABETH A on Friday, September 2. BYRD DARYL G sold $994,200 worth of IBERIABANK Corp (NASDAQ:IBKC) on Friday, November 11. 3,342 IBERIABANK Corp (NASDAQ:IBKC) shares with value of $231,333 were sold by Restel Anthony J. $582,251 worth of shares were sold by DAVIS JOHN R on Monday, September 19.

The stock increased 1.05% or $0.85 during the last trading session, hitting $82. About 264,124 shares traded hands. IBERIABANK Corp (NASDAQ:IBKC) has risen 44.14% since April 21, 2016 and is uptrending. It has outperformed by 38.81% the S&P500.

IBERIABANK Corporation is a financial holding company. The company has a market cap of $3.42 billion. The Firm is the holding firm for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency; IBERIA Capital Partners, LLC, a corporate finance services firm; 1887 Leasing, LLC, a holding firm for its aircraft; IBERIA Asset Management, Inc., which provides wealth management and trust services to high net worth individuals, pension funds, firms and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE L.L.C., which invests in purchased tax credits. It has a 18.89 P/E ratio. IBERIABANK offers commercial and retail banking services and products to clients throughout locations in over seven states.

According to Zacks Investment Research, “IBERIABANK Corporation is a commercial bank holding company.”

Analysts await IBERIABANK Corp (NASDAQ:IBKC) to report earnings on January, 25. They expect $1.15 earnings per share, up 3.60% or $0.04 from last year’s $1.11 per share. IBKC’s profit will be $47.96 million for 17.83 P/E if the $1.15 EPS becomes a reality. After $1.08 actual earnings per share reported by IBERIABANK Corp for the previous quarter, Wall Street now forecasts 6.48% EPS growth.

More news for IBERIABANK Corp (NASDAQ:IBKC) were recently published by: Seekingalpha.com, which released: “Iberiabank In The Middle Of A Tough Balancing Act” on November 23, 2016. Prnewswire.com‘s article titled: “IBERIABANK Corporation Names Rick E. Maples And Dr. Eli Jones To Board Of ..” and published on June 27, 2016 is yet another important article.

IBKC Company Profile

IBERIABANK Corporation, incorporated on November 21, 1994, is a financial holding company. The Firm is the holding firm for IBERIABANK, a Louisiana banking corporation; Lenders Title Company, an Arkansas-chartered title insurance and closing services agency (Lenders Title); IBERIA Capital Partners, LLC, a corporate finance services firm (ICP); 1887 Leasing, LLC, a holding firm for its aircraft; IBERIA Asset Management, Inc. (IAM), which provides wealth management and trust services to high net worth individuals, pension funds, firms and trusts; 840 Denning, LLC, which invests in a commercial rental property, and IBERIA CDE L.L.C. (CDE), which invests in purchased tax credits. IBERIABANK offers commercial and retail banking services and products to clients throughout locations in over seven states, including Louisiana, Alabama, Florida, Arkansas, Tennessee, and Texas. It operates over 320 combined offices, including over 220 bank branch offices and over three loan production offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas; over 20 title insurance offices in Arkansas and Louisiana; mortgage representatives in over 70 locations in over 10 states; over eight wealth management locations in over five states, and one IBERIA Capital Partners L.L.C. office in Louisiana.

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