IberiaBank Corp. (IBKC) was a big mover last session, as the company saw its shares rise a little above 6% on the day. Shares moved up after research firm Robert W. Baird upgraded its rating on the company from Neutral to Outperform. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 9.58% in the past one-month time frame.
This Southeast bank witnessed three negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
IberiaBank has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
However, a better-ranked stock in the same space is BNC Bancorp (BNCN), sporting a Zacks Rank #1 (Strong Buy).
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IBERIABANK CORP (IBKC): Free Stock Analysis Report
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