Iberiabank Stock To Go Ex-dividend Tomorrow (IBKC)

NEW YORK ( TheStreet) -- The ex-dividend date for Iberiabank (Nasdaq: IBKC) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $48.40 as of 10 a.m. ET, the dividend yield is 2.8%.

The average volume for Iberiabank has been 154,100 shares per day over the past 30 days. Iberiabank has a market cap of $1.42 billion and is part of the financial sector and banking industry. Shares are down 2.7% year to date as of the close of trading on Monday.

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 24.2, below the average banking industry P/E ratio of 24.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Iberiabank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Iberiabank Ratings Report.

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