Wunderlich Securities Believes IBERIABANK Corporation Should Be in Line With Consensus

In a report published Monday, Wunderlich Securities analyst Kevin B. Reynolds reiterated a Buy rating and $85.00 price target on

. In the report, Wunderlich Securities noted, “We maintain our Buy rating on shares of IBERIABANK Corporation, as well as our price target of $85. We are maintaining our 2014 earnings per share estimate of $3.70, as well as our 2015 EPS estimate of $4.60. Our 12-18 month price target of $85.00 equates to 18.5 times our 2015 EPS estimate, which is a premium to the median for Southern banks in our research universe that reflects much of the benefit that IBKC would likely enjoy should short-term interest rates rise over the next 12 to 18 months.” IBERIABANK Corporation closed on Friday at $58.60.