UPDATE: Jefferies Reiterates Hold Rating, Raises PT on IBERIABANK Following Gulf South Bank Corporation

In a report published Tuesday, Jefferies analyst Emlen Harmon reiterated a Hold rating on IBERIABANK IBKC, and raised the price target from $48.00 to $51.00.

In the report, Jefferies noted, “We recently attended the Gulf South Bank Conference, at which 21 banks located in states surrounding the Gulf of Mexico presented. Economic strength on the Gulf, solid loan growth, and a less aggressive tenor on acquisitions were frequent topics over the course of the conference.”

IBERIABANK closed on Monday at $51.64.