Breaking The Old 52 Week Low, IBERIABANK Corp (Nasdaq:IBKC) Closing At $71.17

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IBKC
IBKC

IBERIABANK Corp (Nasdaq:IBKC)

December 6th, 2018
IBERIABANK Corp finished up $0.30 Thursday, a 0.42% jump, closing at $71.17. Despite ending the day higher, IBERIABANK Corp hit a new 52 week low of $69.61, breaking the previous low of $69.69 from earlier this September.

IBKC outperformed the rest of the Financials sector which went down 1.44% today.

Expectations from 10 analysts suggest that IBERIABANK Corp might grow significantly (27%), while Finbox has calculated (with high uncertainty) a fair value price of $57.08.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

IberiaBank Corporation is based in Lafayette, United States of America. IberiaBank Corporation was founded in 1887.

IBERIABANK Corp Info

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. The company also provides various title insurance and loan closing services for residential and commercial customers; equity research, institutional sales and trading, and corporate finance services; and wealth management and trust advisory services to high net worth individuals, pension funds, corporations, and trusts, as well as invests in a commercial rental property and purchased tax credits. As of December 31, 2017, it operated 228 bank branch offices and 1 loan production office in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, and South Carolina; 24 title insurance offices in Arkansas and Louisiana; mortgage representative offices in 68 locations in 10 states; and 13 wealth management locations in 4 states. IBERIABANK Corporation was founded in 1887 and is headquartered in Lafayette, Louisiana.

All amounts in USD unless otherwise indicated
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