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Fly News Breaks for November 28, 2017
Nov 28, 2017 | 07:14 EDT
As reported earlier, SunTrust analyst Jennifer Demba upgraded Iberiabank to Buy from Hold and raised her price target to $85 from $80. Demba says that the management is now more focused on improving return-on-average-assets following a substantial Q3 earnings miss. The analyst adds that December's outlook for FY18 may include more cost saving plans while added storm provisioning provides additional credit cost cushion. Demba also notes "compelling valuation" for Iberiabank, which trades at 12.8-times FY18 EPS consensus versus a peer median of 15.1-times.
News For IBKC From the Last 2 Days
Mar 20, 2018 | 11:35 EDT
The Board of Directors of Iberiabank announced the declaration of a quarterly cash dividend of 38c per common share, an increase of approximately 3% compared to the common dividend declared in December 2017. The dividend is payable on April 27 to shareholders of record as of March 30.
Mar 19, 2018 | 17:18 EDT
Iberiabank announced Monica Sylvain has joined the company as its first Chief Diversity Officer. As executive VP, she will report directly to president and CEO Daryl Byrd and serve as an executive officer on the leadership team.
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