Soleil Securities Initiates Coverage on IBERIABANK (IBKC) with a Buy
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Soleil Securities initiates coverage on IBERIABANK Corp. (Nasdaq: IBKC) with a Buy. Price target $53.
Soleil analyst says, "Initiate coverage with a Buy. $5.5B bank holding company and parent bank of IBERIABANK and IBERIABANK fsb, a nationally chartered thrift subsidiary. This high-quality financial institution was the first bank to repay TARP funds, has limited exposure to residential construction, and has opportunities to leverage existing relationships in its newer expansion markets. We consider the management team to be one of the best that we have encountered, and we believe that the shares will continue to garner a premium to other small-cap institutions."
To see more analyst ratings on IBKC Click Here.
IBERIABANK Corporation is a multi-bank financial holding company with 150 combined offices, including 88 bank branch offices in Louisiana, Arkansas and Tennessee, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 36 locations in eight states.
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