|Bid||26.71 x 200|
|Ask||0.00 x 0|
|Day's Range||26.74 - 26.96|
|52 Week Range||25.82 - 30.50|
|PE Ratio (TTM)||10.39|
|Forward Dividend & Yield||1.66 (6.15%)|
|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. , Jan. 5, 2018 /PRNewswire/ -- The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a semi-annual cash dividend on the outstanding shares of its 6.625% ...
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 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 ...
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 ...
Analysts at Piper Jaffray turned bullish on IBERIABANK Corp (NASDAQ: IBKC ), a $4 billion bank with hundreds of offices in 10 states mostly throughout the Southern U.S. The firm's Peyton Green upgraded ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting IBKC. Over the last one-month, outflows of investor capital in ETFs holding IBKC totaled $289 million.