IBERIABANK (IBKC) Forms $79.10 Double Bottom; Heritage Financial (HFWA)’s Sentiment Is 1.32

Heritage Financial Corporation operates as the bank holding firm for Heritage Bank that provides various financial services to small businesses and general public in the United States. The company has market cap of $920.37 million. The firm accepts various deposit products, such as noninterest demand accounts, NOW accounts, money market accounts, savings accounts, and certificates of deposit. It has a 22.23 P/E ratio. The Company’s loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, business lines of credit, term equipment financing, and term real estate loans, as well as commercial loans real estate related industries and businesses in agricultural, healthcare, legal, and other professions.

IBERIABANK Corporation (IBKC) formed double bottom with $73.56 target or 7.00% below today’s $79.10 share price. IBERIABANK Corporation (IBKC) has $4.26 billion valuation. The stock increased 1.61% or $1.25 during the last trading session, reaching $79.1. About 718,694 shares traded or 40.75% up from the average. IBERIABANK Corporation (NASDAQ:IBKC) has risen 31.12% since January 10, 2017 and is uptrending. It has outperformed by 14.42% the S&P500.

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $352,162 activity.

Forest Hill Capital Llc holds 3.24% of its portfolio in Heritage Financial Corporation for 383,317 shares. Stieven Capital Advisors L.P. owns 426,456 shares or 2.39% of their US portfolio. Moreover, Thomson Horstmann & Bryant Inc has 1.79% invested in the company for 441,301 shares. The Pennsylvania-based Alphaone Investment Services Llc has invested 1.37% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 845,820 shares.

Analysts await Heritage Financial Corporation (NASDAQ:HFWA) to report earnings on January, 25. They expect $0.36 earnings per share, up 9.09% or $0.03 from last year’s $0.33 per share. HFWA’s profit will be $10.72 million for 21.46 P/E if the $0.36 EPS becomes a reality. After $0.35 actual earnings per share reported by Heritage Financial Corporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

The stock increased 0.16% or $0.05 during the last trading session, reaching $30.9. About 86,257 shares traded. Heritage Financial Corporation (HFWA) has risen 35.92% since January 10, 2017 and is uptrending. It has outperformed by 19.22% the S&P500.

Since August 7, 2017, it had 0 insider purchases, and 2 sales for $882,917 activity. 6,141 IBERIABANK Corporation (NASDAQ:IBKC) shares with value of $492,017 were sold by DAVIS JOHN R. On Thursday, September 28 the insider BREAUX ERNEST P JR sold $390,900.

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. IberiaBank has $97.0 highest and $60 lowest target. $83’s average target is 4.93% above currents $79.1 stock price. IberiaBank had 46 analyst reports since August 25, 2015 according to SRatingsIntel. The company was maintained on Monday, October 23 by Keefe Bruyette & Woods. The firm has “Outperform” rating by Wood given on Wednesday, August 17. Raymond James upgraded IBERIABANK Corporation (NASDAQ:IBKC) on Tuesday, August 25 to “Mkt Perform” rating. The rating was maintained by Stephens on Monday, July 31 with “Buy”. The stock of IBERIABANK Corporation (NASDAQ:IBKC) earned “Hold” rating by Jefferies on Friday, September 15. The stock of IBERIABANK Corporation (NASDAQ:IBKC) has “Market Perform” rating given on Tuesday, January 19 by Hovde Group. The rating was maintained by SunTrust on Thursday, October 5 with “Hold”. The firm has “Hold” rating given on Tuesday, September 13 by Sandler O’Neill. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Monday, October 23 by Robert W. Baird.

Analysts await IBERIABANK Corporation (NASDAQ:IBKC) to report earnings on January, 25. They expect $1.27 earnings per share, up 9.48% or $0.11 from last year’s $1.16 per share. IBKC’s profit will be $68.41 million for 15.57 P/E if the $1.27 EPS becomes a reality. After $1.00 actual earnings per share reported by IBERIABANK Corporation for the previous quarter, Wall Street now forecasts 27.00% EPS growth.

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.16, from 1.22 in 2017Q2. It improved, as 24 investors sold IBERIABANK Corporation shares while 57 reduced holdings. 36 funds opened positions while 76 raised stakes. 41.95 million shares or 0.37% more from 41.80 million shares in 2017Q2 were reported. Vanguard Group, a Pennsylvania-based fund reported 4.33M shares. Hgk Asset Inc holds 5,794 shares or 0.07% of its portfolio. 455,140 are owned by Bancorporation Of New York Mellon. Northern Tru stated it has 0.02% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Wells Fargo Co Mn has invested 0.01% in IBERIABANK Corporation (NASDAQ:IBKC). Systematic Lp accumulated 289,810 shares or 0.48% of the stock. Public Employees Retirement Sys Of Ohio, Ohio-based fund reported 31,106 shares. Tiaa Cref Investment Mngmt Ltd invested 0.02% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). Employees Retirement Sys Of Texas reported 51,000 shares stake. Blackrock stated it has 3.45 million shares or 0.01% of all its holdings. Goldman Sachs Gp Inc holds 227,497 shares or 0% of its portfolio. Swiss Retail Bank reported 84,923 shares. 4,197 were accumulated by Teacher Retirement Systems Of Texas. Federated Invsts Pa invested in 377,739 shares. Atlanta Management Company L L C has 378,292 shares for 0.18% of their portfolio.