As Iberiabank Corp (IBKC) Share Value Declined, Jacobs Asset Management LLC Has Boosted Its Stake

May 17, 2018 - By Mona Holcomb

IBERIABANK Corporation (NASDAQ:IBKC) LogoInvestors sentiment decreased to 1.16 in 2017 Q4. Its down 0.22, from 1.38 in 2017Q3. It fall, as 29 investors sold IBKC shares while 65 reduced holdings. 38 funds opened positions while 71 raised stakes. 45.24 million shares or 7.84% more from 41.95 million shares in 2017Q3 were reported. Glenmede Tru Company Na owns 2,180 shares or 0% of their US portfolio. Assetmark invested 0% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). 79,761 are held by California State Teachers Retirement. Mesirow Financial Inv Mngmt accumulated 251,551 shares or 1.38% of the stock. Parametric Associate Ltd Co stated it has 73,457 shares. California Public Employees Retirement Sys holds 124,162 shares. Stratos Wealth Ptnrs holds 0% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC) for 300 shares. Tokio Marine Asset Co reported 0.21% stake. Atlantic Group Inc Limited Liability Company, Georgia-based fund reported 140 shares. Estabrook Cap Mngmt reported 0.02% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Us Savings Bank De, a Minnesota-based fund reported 4,465 shares. Bnp Paribas Arbitrage holds 0.01% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC) for 46,882 shares. Broadview holds 0.87% in IBERIABANK Corporation (NASDAQ:IBKC) or 79,325 shares. Moreover, Pub Employees Retirement Association Of Colorado has 0% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 7,456 shares. 3,519 are owned by Aperio Gru Ltd Liability Corporation.

Jacobs Asset Management Llc increased its stake in Iberiabank Corp (IBKC) by 25% based on its latest 2017Q4 regulatory filing with the SEC. Jacobs Asset Management Llc bought 40,000 shares as the company’s stock declined 2.14% with the market. The institutional investor held 200,000 shares of the major banks company at the end of 2017Q4, valued at $15.50 million, up from 160,000 at the end of the previous reported quarter. Jacobs Asset Management Llc who had been investing in Iberiabank Corp for a number of months, seems to be bullish on the $4.51 billion market cap company. The stock increased 0.25% or $0.2 during the last trading session, reaching $79.55. About 544,552 shares traded or 50.32% up from the average. IBERIABANK Corporation (NASDAQ:IBKC) has risen 2.51% since May 17, 2017 and is uptrending. It has underperformed by 9.04% the S&P500.

More notable recent IBERIABANK Corporation (NASDAQ:IBKC) news were published by: Seekingalpha.com which released: “IBERIABANK Corporation 2018 Q1 – Results – Earnings Call Slides” on April 20, 2018, also Streetinsider.com with their article: “IBERIABANK Corp. (IBKC) Appoints Rosa Sugranes to Board” published on May 09, 2018, Globenewswire.com published: “Report: Exploring Fundamental Drivers Behind Reliance Steel & Aluminum, Goldman Sachs BDC, IBERIABANK …” on May 04, 2018. More interesting news about IBERIABANK Corporation (NASDAQ:IBKC) were released by: Prnewswire.com and their article: “IBERIABANK Corporation Names Rosa Sugrañes to Its Board of Directors” published on May 09, 2018 as well as Streetinsider.com‘s news article titled: “IBERIABANK Corp. (IBKC) Approves 1.14M Share Buyback” with publication date: May 10, 2018.

IBERIABANK Corporation (NASDAQ:IBKC) Ratings Coverage

Among 8 analysts covering IBERIABANK (NASDAQ:IBKC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. IBERIABANK had 17 analyst reports since November 28, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Buy” rating and $9200 target in Friday, April 20 report. The rating was maintained by Sandler O’Neill on Friday, April 20 with “Buy”. The firm earned “Hold” rating on Friday, February 9 by Hovde Group. The stock of IBERIABANK Corporation (NASDAQ:IBKC) earned “Hold” rating by Stephens on Friday, April 20. The firm has “Buy” rating given on Tuesday, April 24 by Jefferies. Piper Jaffray maintained it with “Buy” rating and $95.0 target in Monday, January 29 report. The company was maintained on Monday, January 8 by Jefferies. Keefe Bruyette & Woods maintained the shares of IBKC in report on Monday, January 29 with “Buy” rating. The stock of IBERIABANK Corporation (NASDAQ:IBKC) earned “Buy” rating by SunTrust on Monday, January 8. SunTrust upgraded the shares of IBKC in report on Tuesday, November 28 to “Buy” rating.

IBERIABANK Corporation (NASDAQ:IBKC) Institutional Positions Chart

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