Eye Catching Stock: IBERIABANK Corporation (NASDAQ:IBKC)

IBERIABANK Corporation (IBKC) changed -4.51% to recent value of $72.65. The stock transacted 848236 shares during most recent day however it has an average volume of 287.82K shares. It spotted trading -11.25% off 52-week high price. On the other end, the stock has been noted 19.45% away from the low price over the last 52-weeks.

On Oct.18, 2019, IBERIABANK Corporation (NASDAQ:IBKC) holding company of the 132-year-old IBERIABANK declared financial results for the third quarter ended September 30, 2019. For the quarter, the Company reported net income available to common shareholders of $96.3 million, or $1.82 diluted earnings per common share (EPS). On a non-GAAP basis, EPS excluding non-core revenues and non-core expenses (Core EPS) in the third quarter of 2019 was $1.82 per common share, compared to $1.74 in the year-ago period, an increase of 5% (refer to press release supplemental tables for a reconciliation of GAAP to non-GAAP metrics).

Daryl G. Byrd, President and Chief Executive Officer, commented, We reported another quarter of solid earnings driven by strong growth in both loans and core deposits. As expected, our net interest margin was impacted by lower interest rates, but continued strength in fee income businesses and good expense discipline provided a partial offset to the impact. As we move toward the end of 2019 and prepare for 2020, we remain focused on continuing to grow our businesses throughout the Southeastern U.S., delivering strong financial results and maintaining stellar asset quality, while navigating the ever-challenging environment.

IBKC has an operating margin of 74.90% while its profit margin remained 32.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 50.30% for this year while earning per share for the next 5-years is expected to reach at 8.00%.

The company has 51.82M of outstanding shares and 51.75M shares were floated in the market.  The price moved ahead of -2.66% from the mean of 20 days, -0.14% from mean of 50 days SMA and performed -2.68% from mean of 200 days price. Company’s performance for the week was -2.50%, -5.43% for month and YTD performance remained 13.02%.

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