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