Iberiabank Corp (IBKC) Holder Ascend Capital LLC Decreased Its Holding as Stock Price Declined

IBERIABANK Corporation (NASDAQ:IBKC) LogoInvestors sentiment decreased to 1.09 in Q3 2018. Its down 0.12, from 1.21 in 2018Q2. It dropped, as 19 investors sold IBKC shares while 76 reduced holdings. 42 funds opened positions while 62 raised stakes. 46.56 million shares or 0.93% less from 47.00 million shares in 2018Q2 were reported. Bessemer Gru stated it has 74,197 shares. City Holdg owns 500 shares for 0.01% of their portfolio. Retail Bank Of Montreal Can reported 0% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). First Trust Advsr LP has invested 0.01% in IBERIABANK Corporation (NASDAQ:IBKC). Price T Rowe Assoc Md invested in 19,158 shares. Hennessy Advisors holds 0.15% or 50,000 shares. Iberiabank Corporation stated it has 0.22% in IBERIABANK Corporation (NASDAQ:IBKC). Wellington Mgmt Llp has invested 0.04% in IBERIABANK Corporation (NASDAQ:IBKC). Maltese Mngmt Ltd, New York-based fund reported 7,100 shares. Horizon Kinetics Limited Liability Corporation, New York-based fund reported 3,396 shares. Blair William & Il has invested 0.03% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Mesirow Fin Inv, a Alabama-based fund reported 182,216 shares. Ameritas Invest Partners reported 0.02% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Walleye Trading Limited Liability holds 0% or 7,958 shares in its portfolio. Mackenzie Fin reported 0.02% in IBERIABANK Corporation (NASDAQ:IBKC).

Ascend Capital Llc decreased its stake in Iberiabank Corp (IBKC) by 22.9% based on its latest 2018Q3 regulatory filing with the SEC. Ascend Capital Llc sold 72,225 shares as the company’s stock declined 18.26% with the market. The hedge fund held 243,114 shares of the major banks company at the end of 2018Q3, valued at $19.97 million, down from 315,339 at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Iberiabank Corp for a number of months, seems to be less bullish one the $3.93 billion market cap company. The stock increased 0.55% or $0.39 during the last trading session, reaching $70.71. About 83,291 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has declined 8.60% since January 14, 2018 and is downtrending. It has underperformed by 8.60% the S&P500.

Ascend Capital Llc, which manages about $4.98B and $2.65 billion US Long portfolio, upped its stake in Pinnacle Foods Inc Del (NYSE:PF) by 253,670 shares to 505,252 shares, valued at $28.89 million in 2018Q3, according to the filing. It also increased its holding in Puma Biotechnology Inc (NYSE:PBYI) by 656,662 shares in the quarter, for a total of 716,717 shares, and has risen its stake in Mohawk Inds Inc (NYSE:MHK).

Analysts await IBERIABANK Corporation (NASDAQ:IBKC) to report earnings on January, 25 before the open. They expect $1.77 earnings per share, up 33.08 % or $0.44 from last year’s $1.33 per share. IBKC’s profit will be $98.30M for 9.99 P/E if the $1.77 EPS becomes a reality. After $1.74 actual earnings per share reported by IBERIABANK Corporation for the previous quarter, Wall Street now forecasts 1.72 % EPS growth.

More news for IBERIABANK Corporation (NASDAQ:IBKC) were recently published by: Bizjournals.com, which released: “IberiaBank Houston exec: ‘We return to growth mode’ in 2018 – Houston Business Journal” on December 18, 2017. Prnewswire.com‘s article titled: “IBERIABANK Corporation Completes Acquisition of Gibraltar Private Bank & Trust Co. – PR Newswire” and published on March 23, 2018 is yet another important article.

IBERIABANK Corporation (NASDAQ:IBKC) Institutional Positions Chart

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