Iberiabank Stock Hits New 52-Week Low (IBKC)

NEW YORK ( TheStreet) -- Iberiabank (Nasdaq: IBKC) hit a new 52-week low Thursday as it is currently trading at $44.50, below its previous 52-week low of $45.38 with 66,773 shares traded as of 10:13 a.m. ET. Average volume has been 181,300 shares over the past 30 days.

Iberiabank has a market cap of $1.4 billion and is part of the financial sector and banking industry. Shares are down 21.6% year to date as of the close of trading on Wednesday.

IBERIABANK Corporation operates as a holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. The company has a P/E ratio of 26.6, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Iberiabank as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Iberiabank Ratings Report.

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