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Fly News Breaks for January 28, 2019
IBKC
Jan 28, 2019 | 08:28 EDT
SunTrust analyst Jennifer Demba raised her price target on Iberiabank to $92 to reflect the rise in regional banks' valuations and also kept her Buy rating after its Q4 earnings beat. The analyst points to the company's spread income improvement, with net interest margins growing by 7bps sequentially and average loans growing by 4% annualized. Demba adds that the focus of Iberiabank management on profitability improvement and expense control makes its 2019 guidance "realistic".
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