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Is this Large Market Cap Stock target price reasonable for IberiaBank Corp. (NASDAQ:IBKC)?

The company in question is, IberiaBank Corp. (NASDAQ:IBKC) currently with a stock price of 68.3 (1.96% today). The market cap for IberiaBank Corp. is 2721.8, and is in the sector Financial, and Regional – Southeast Banks industry. The target price for IberiaBank Corp. is 70.83. Currently IberiaBank Corp. is trading with a P/E of 15.59, and a forward P/E of 13.52. Average volume for IberiaBank Corp. is 284.34 and so far today it is 120803.

Performance in the last year for IberiaBank Corp. has been 18.15%. For EPS growth, IberiaBank Corp. has seen a growth of 11.70%, and is looking to grow in the next year to 8.61%. More long term stats show that EPS growth has been 14.40% over the last five years and could be 8.00% for the next five years. IberiaBank Corp. has seen sales growth quarter over quarter at -40.30%, with EPS growth quarter over quarter at -14.60%. The 20-day simple moving average is 2.01%, with the 200-day simple moving average coming to 19.04%.

Since the IPO date for IberiaBank Corp. on the 04/10/1995, IberiaBank Corp. has seen performance year to date to be 23.89%. With IberiaBank Corp. trading at 68.3, the dividend yield is 2.15%, and the EPS is 4.3.

So could IberiaBank Corp., be undervalued? Well as said before P/E is 15.59. The PEG is 1.95, P/S is 3.87 and the P/B is at 1.09. The P/cash is 3.55, with P/free cash flow at 16.55.

IberiaBank Corp. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.27, and total debt/equity at 0.27.

In terms of margins, IberiaBank Corp. has a gross margin of *TBA, an operating margin of 84.90% and a profit margin of 24.90%.Payout ratio for IberiaBank Corp. is 31.60%. Return on assets come to 0.90% with return on investment coming to 17.80%.

Insider ownership for IberiaBank Corp., is at 1.80% and institutional ownership comes to 80.70%. Outstanding shares are at 40.63. While shares float is 40.32. The float short is currently 4.52%, and short ratio is 6.41.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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