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 (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
|Oct 2016||Piper Jaffray||Upgrades||Neutral||Overweight|
|Sep 2016||Sandler O'Neill||Downgrades||Buy||Hold|
|Aug 2016||Keefe Bruyette & Woods||Upgrades||Market Perform||Outperform|
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