Notable News to Focus: IBERIABANK Corporation (NASDAQ:IBKC)

IBERIABANK Corporation (NASDAQ:IBKC) stock observed trading -60.41% off 52-week high price. On the other end, the stock has been noted 26.33% away from low price over the last 52-weeks. The stock disclosed a move of -43.83% away from 50 day moving average and -53.69% away from 200 day moving average. Moving closer, we can see that shares have been trading -13.53% off 20-day moving average. It has market cap of $1.86B and dividend yield of 5.80%.

On April 3, 2020, The Board of Directors of IBERIABANK Corporation (NASDAQ:IBKC) disclosed the declaration of a quarterly cash dividend on the Company’s outstanding shares of 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, par value $1.00 per share (the Series C Preferred Stock).

The Board of Directors also announced the declaration of the semi-annual cash dividend on the Company’s outstanding shares of 6.100% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D, par value $1.00 per share (the Series D Preferred Stock).

Series C Preferred Stock

On May 9, 2016, the Company issued an aggregate of 2,300,000 depositary shares (the Series C Depositary Shares), each representing a 1/400th ownership interest in a share of the Series C Preferred Stock, with a liquidation preference of $10,000 per share of Series C Preferred Stock (equivalent to $25 per Series C Depositary Share), which represents $57,500,000 in aggregate liquidation preference.

The declared cash dividend equated to approximately $0.4125 per Series C Depositary Share, or $165.00 per share of Series C Preferred Stock outstanding. The cash dividend is payable on May 1, 2020, to shareholders of record as of the close of business on April 16, 2020.

The USA based company IBERIABANK Corporation moved with change of -6.22% to $32.41 with the total traded volume of 573897 shares in recent session versus to an average volume of 570.21K shares. The stock was observed in the 5 days activity at -11.52%. The one month performance of stock was -45.39%. IBKC’s shares are at -56.01% for the quarter and driving a -56.45% return over the course of the past year and is now at -56.69% since this point in 2018.  Right now the stock beta is 1.63. The average volatility for the week and month was at 8.57% and 16.07% respectively. There are 57.25M shares outstanding and 51.50M shares are floated in market.

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