BGB Securities Starts IberiaBank (IBKC) at Buy
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Price: $49.59 +2.29%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade IBKC Now!
BGB Securities initiates coverage on IberiaBank (NASDAQ: IBKC) with a Buy. PT $56.00.
The firm comments, "We are initiating coverage of IBKC with a BUY rating and a $56 price target. We derive our target through our discounted dividend model, the application of a 14x multiple to our normalized 2014 EPS estimate and IBKC's tangible book multiple of approximately 130% applied to our year-end 2013 estimate of $39.31 Our 2012 and 2013 EPS estimates are $2.63 and $3.24, respectively."
For an analyst ratings summary and ratings history on IberiaBank click here. For more ratings news on IberiaBank click here.
Shares of IberiaBank closed at $47.88 yesterday, with a 52 week range of $44.28-$55.67.
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The firm comments, "We are initiating coverage of IBKC with a BUY rating and a $56 price target. We derive our target through our discounted dividend model, the application of a 14x multiple to our normalized 2014 EPS estimate and IBKC's tangible book multiple of approximately 130% applied to our year-end 2013 estimate of $39.31 Our 2012 and 2013 EPS estimates are $2.63 and $3.24, respectively."
For an analyst ratings summary and ratings history on IberiaBank click here. For more ratings news on IberiaBank click here.
Shares of IberiaBank closed at $47.88 yesterday, with a 52 week range of $44.28-$55.67.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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