Moody Aldrich Partners LLC Makes New Investment in IBERIABANK Corp (NASDAQ:IBKC)

Moody Aldrich Partners LLC purchased a new position in shares of IBERIABANK Corp (NASDAQ:IBKC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 23,630 shares of the bank’s stock, valued at approximately $1,076,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Carroll Financial Associates Inc. increased its position in IBERIABANK by 147.9% during the first quarter. Carroll Financial Associates Inc. now owns 843 shares of the bank’s stock worth $30,000 after acquiring an additional 503 shares during the period. Ellevest Inc. grew its stake in IBERIABANK by 218.0% during the second quarter. Ellevest Inc. now owns 970 shares of the bank’s stock worth $44,000 after buying an additional 665 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of IBERIABANK in the 2nd quarter valued at approximately $128,000. Pearl River Capital LLC acquired a new stake in shares of IBERIABANK in the 4th quarter valued at approximately $231,000. Finally, Profund Advisors LLC boosted its stake in shares of IBERIABANK by 15.6% in the 4th quarter. Profund Advisors LLC now owns 3,307 shares of the bank’s stock valued at $247,000 after purchasing an additional 446 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

NASDAQ IBKC remained flat at $$43.08 on Friday. The company’s stock had a trading volume of 6,285,800 shares, compared to its average volume of 575,936. IBERIABANK Corp has a 1-year low of $25.65 and a 1-year high of $79.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.98. The firm’s 50-day simple moving average is $44.16 and its 200-day simple moving average is $49.82. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.37 and a beta of 1.72.

IBKC has been the topic of several recent research reports. Zacks Investment Research upgraded shares of IBERIABANK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. BidaskClub raised shares of IBERIABANK from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. ValuEngine raised shares of IBERIABANK from a “strong sell” rating to a “sell” rating in a research report on Friday, May 1st. TheStreet cut shares of IBERIABANK from a “b-” rating to a “c” rating in a research report on Thursday, April 9th. Finally, SunTrust Banks increased their price objective on shares of IBERIABANK from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. IBERIABANK currently has an average rating of “Hold” and a consensus target price of $67.40.

IBERIABANK Company Profile

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities.

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Institutional Ownership by Quarter for IBERIABANK (NASDAQ:IBKC)

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