|Bid||26.76 x 200|
|Ask||0.00 x 0|
|Day's Range||27.25 - 27.25|
|52 Week Range||26.21 - 28.92|
|PE Ratio (TTM)||10.52|
|Forward Dividend & Yield||1.65 (6.10%)|
|1y Target Est||N/A|
IberiaBank Corp. will lay off 124 Gibraltar Bank Trust & Co.'s employees as a result of efficiencies made from its nearly completed acquisition of the Coral Gables based bank. The parent company of IberiaBank filed a Worker Adjustment and Retraining Notification (WARN) Act with the state on March 7, stating that the layoffs would be effective between April 28 and May 13. IberiaBank Corp. announced last October that it would acquire Coral Gables-based Gibraltar Bank for $223 million in an all-stock deal.
The layoffs come a month after Gibraltar Private Bank & Trust Co. received regulatory and shareholder approval.
Bank stocks have been in the spotlight since the announcement of U.S Presidential election results in November 2016. Since the Presidential election results, banks have outperformed the Zacks Finance sector. Favorable rate hike scenario: If the Federal Reserve sticks to its plan of increasing rates three times in 2018, it will further help banks in expanding net interest margin.
IberiaBank Corp. just moved one step closer to completing its acquisition of Gibraltar Private Bank & Trust. The Louisiana company (IBKC) received approval today from the Federal Reserve for its $223 million planned acquisition of Coral Gables-based Gibraltar Private. If Gibraltar's shareholders also approve, it will mean there will be only eight banks in South Florida with more than $1 billion in assets.
IberiaBank announced non-exempt, non-commissioned associates who make $15 per hour or less will receive a $2 per hour pay raise. In the Memphis market, IberiaBank has eight branches and employs 97 full-time employees. The company is the No. 13 largest bank in the Memphis area ranked by local deposits, with more than $380 million in local deposits and accounting for 1.27 percent of the Memphis market share, according to Memphis Business Journal research.
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine IBERIABANK Corporation’s (NASDAQ:IBKC) track record on a high level, to giveRead More...
IBERIABANK (IBKC) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
LAFAYETTE, La. , Dec. 19, 2017 /PRNewswire/ -- The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend on the outstanding shares of its 6.60% ...
LAFAYETTE, La. , Dec. 15, 2017 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 130-year-old IBERIABANK ( www.iberiabank.com ), announced today that it will release fourth ...
Iberiabank Corp and two subsidiaries agreed to pay $11.69 million to resolve allegations they submitted false claims for federal loan guarantees on mortgages, the U.S. Justice Department said on Friday. ...
IberiaBank Corp. could consolidate all of Gibraltar Private Bank & Trust offices except for its Key Largo and New York location, according to an investor presentation. In the Oct. 19 presentation, the Louisiana bank holding company (IBKC) said it anticipates consolidating six to eight of Gibraltar Private's eight offices, but wants to keep Key Largo and New York open. This means all five of Gibraltar's Miami area branches could be targeted for closure, along with a branch in Naples.
Reviewing IBERIABANK Corp (NASDAQ: IBKC )'s third-quarter results, Baird delved into four things that stood out in the company's earnings miss. The firm said its assessment of the company's third-quarter ...
The holding company of IberiaBank announced late Thursday that it plans to acquire Coral Gables-based Gibraltar Private Bank & Trust Co. in an all-stock deal worth $223 million. The deal still needs approval from Gibraltar's shareholders and regulators, but, if approved, it will be the second major acquisition of a South Florida bank by IberiaBank Corp. (IBKC). In July, the Louisiana company finalized its acquisition of Miami-based Sabadell United Bank for about $1 billion – the largest purchase of a South Florida bank in a decade.
- IBERIABANK Corporation to acquire a Florida institution focused on private banking, residential lending, and wealth management - All stock transaction valued at $223 million - Continuing to leverage ...
IBERIABANK Corporation (NASDAQ:IBKC) is predicted to grow its earnings per share by a high double-digit 52.46% over the next three years. With the recent EPS being $4.132, expected growth willRead More...
The holding company of IberiaBank announced on Monday that it has completed the operational conversion and name change of Sabadell United Bank to IberiaBank. This past weekend, IberiaBank Corp. said it consolidated operating systems and updated branch signage of all the former Sabadell United locations to IberiaBank branches. Lafayette, Louisiana-based IberiaBank (IBKC) announced in February that it had entered into an agreement with Sabadell United's parent company, Spain-based Banco Sabadell , to buy the Miami financial institution in a stock and cash deal worth about $1 billion.
LAFAYETTE, La. , Sept. 22, 2017 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ: IBKC), the parent holding company of IBERIABANK ( www.iberiabank.com ) , announced today that it will release third quarter ...
LAFAYETTE, La. , Sept. 19, 2017 /PRNewswire/ -- The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend on the outstanding shares of its 6.60% ...