The CAO of Iberiabank (IBKC) is Selling Shares

The CAO of Iberiabank (IBKC) is Selling Shares

Today, the CAO of Iberiabank (IBKC), Michael Scott Price, sold shares of IBKC for $41.41K.

Following Michael Scott Price’s last IBKC Sell transaction on June 19, 2015, the stock climbed by 11.6%. In addition to Michael Scott Price, 4 other IBKC executives reported Sell trades in the last month.

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Based on Iberiabank’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $328 million and quarterly net profit of $129 million. In comparison, last year the company earned revenue of $324 million and had a net profit of $10.12 million. IBKC’s market cap is $4.13B and the company has a P/E ratio of 11.68. Currently, Iberiabank has an average volume of 25.25K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.75, reflecting a 16.0% upside.

In the last 30 days, insiders have sold $272.9K worth of IBKC shares and purchased $129.7K worth of IBKC shares. The insider sentiment on Iberiabank has been negative according to 88 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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IBERIABANK Corp. operates as a financial holding company for Iberiabank, which engages in the provision of commercial, consumer, mortgage, and private banking products and services. The firm provides cash management and investment brokerage solutions.

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