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

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In a report published Monday, Jefferies & Company reiterated its Hold rating on IBERIABANK Corporation (NASDAQ: 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.”

IBERIABANK Corporation closed on Friday at $49.24.

Latest Ratings for IBKC

DateFirmActionFromTo
Oct 2016Piper JaffrayUpgradesNeutralOverweight
Sep 2016Sandler O'NeillDowngradesBuyHold
Aug 2016Keefe Bruyette & WoodsUpgradesMarket PerformOutperform

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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