As Iberiabank Corp Com (IBKC) Share Price Declined, Shareholder Silvercrest Asset Management Group LLC Has Raised Holding

November 21, 2017 - By Stephen Andrade

Investors sentiment decreased to 1.22 in Q2 2017. Its down 0.04, from 1.26 in 2017Q1. It dropped, as 26 investors sold IBKC shares while 70 reduced holdings. 39 funds opened positions while 78 raised stakes. 41.80 million shares or 0.69% more from 41.51 million shares in 2017Q1 were reported. Moreover, Millrace Asset Gp has 1.78% invested in IBERIABANK Corp (NASDAQ:IBKC) for 23,000 shares. Susquehanna Int Grp Llp has 0% invested in IBERIABANK Corp (NASDAQ:IBKC) for 10,330 shares. Etrade Cap Management owns 10,764 shares. Ellington Management Group Inc Limited stated it has 0.07% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Dimensional Fund Limited Partnership holds 0.11% in IBERIABANK Corp (NASDAQ:IBKC) or 2.84 million shares. Rhumbline Advisers invested 0.01% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC). Principal Gru Incorporated invested in 0.01% or 110,548 shares. Northern accumulated 1.10 million shares or 0.03% of the stock. Bnp Paribas Arbitrage Sa has 0% invested in IBERIABANK Corp (NASDAQ:IBKC) for 6,344 shares. Symphony Asset Mngmt Lc reported 9,240 shares stake. Nationwide Fund Advisors owns 150,200 shares for 0.05% of their portfolio. Aqr Capital Mngmt Llc holds 0.01% of its portfolio in IBERIABANK Corp (NASDAQ:IBKC) for 97,719 shares. Loomis Sayles And Ltd Partnership reported 0.05% stake. Keybank Natl Association Oh holds 0% or 8,920 shares. Cubist Systematic Strategies Ltd Liability reported 2,251 shares or 0.01% of all its holdings.

Silvercrest Asset Management Group Llc increased its stake in Iberiabank Corp Com (IBKC) by 3.63% based on its latest 2017Q2 regulatory filing with the SEC. Silvercrest Asset Management Group Llc bought 89,969 shares as the company’s stock declined 7.92% while stock markets rallied. The hedge fund held 2.57 million shares of the major banks company at the end of 2017Q2, valued at $209.46 million, up from 2.48M at the end of the previous reported quarter. Silvercrest Asset Management Group Llc who had been investing in Iberiabank Corp Com for a number of months, seems to be bullish on the $4.00B market cap company. The stock declined 0.07% or $0.05 reaching $74.2 on the news. About 104,027 shares traded. IBERIABANK Corp (NASDAQ:IBKC) has risen 31.12% since November 21, 2016 and is uptrending. It has outperformed by 14.42% the S&P500.

Silvercrest Asset Management Group Llc, which manages about $15.87B and $9.34B US Long portfolio, decreased its stake in Netscout Sys Inc Com (NASDAQ:NTCT) by 405,402 shares to 1.28 million shares, valued at $43.92M in 2017Q2, according to the filing. It also reduced its holding in Alps Etf Tr (AMLP) by 1.39M shares in the quarter, leaving it with 71,790 shares, and cut its stake in Scripps E W Co Ohio Cl A New (NYSE:SSP).

More important recent IBERIABANK Corp (NASDAQ:IBKC) news were published by: Bizjournals.com which released: “Exclusive: IberiaBank Corp. CEO Daryl Byrd talks about Sabadell United acquisition” on October 24, 2017, also Bizjournals.com published article titled: “Exclusive: IberiaBank Corp. CEO Daryl Byrd on Gibraltar Private acquisition”, Bizjournals.com published: “IberiaBank Corp. could consolidate all Miami offices of Gibraltar Private Bank …” on October 30, 2017. More interesting news about IBERIABANK Corp (NASDAQ:IBKC) was released by: Theadvocate.com and their article: “IberiaBank’s New Orleans brokerage will end energy-stock trading, lay off some …” with publication date: November 09, 2017.

IBERIABANK Corp (NASDAQ:IBKC) Ratings Coverage

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. IberiaBank had 40 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital maintained it with “Outperform” rating and $65 target in Friday, April 29 report. The company was maintained on Monday, June 5 by Stephens. The rating was upgraded by Sandler O’Neill on Thursday, October 1 to “Buy”. Hovde Group upgraded the stock to “Market Perform” rating in Tuesday, January 19 report. The stock has “Outperform” rating by Wood on Wednesday, August 17. The firm has “Hold” rating given on Tuesday, October 24 by SunTrust. PiperJaffray reinitiated the stock with “Overweight” rating in Thursday, October 5 report. The stock has “Neutral” rating by Piper Jaffray on Thursday, January 7. The firm has “Neutral” rating given on Wednesday, March 1 by Piper Jaffray. The stock of IBERIABANK Corp (NASDAQ:IBKC) has “Buy” rating given on Thursday, October 5 by Robert W. Baird.

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