UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on IBERIABANK Corporation

In a report published Monday, Jefferies & Company reiterated its Hold rating on IBERIABANK Corporation

, and raised its price target from $48.00 to $50.00. Jefferies noted, “The quarter was a beat across the board for Iberia, with strong mortgage banking and balance sheet growth, resilient NIM, non-mortgage fees moving higher. Better than expected balance sheet growth and some near-term help from mortgage help push our estimates higher. Our price target goes to $50 (from $48).” IBERIABANK Corporation closed on Friday at $49.24.