Basswood Capital Management Lowered Its Iberiabank (IBKC) Position by $3.27 Million; Market Value Rose; National Investment Services Decreased Molson Coors Brewing Co. (TAP) Position by $699,216; Stock Declined

IBERIABANK Corporation (NASDAQ:IBKC) Logo

Basswood Capital Management Llc decreased its stake in Iberiabank Corp (IBKC) by 15.06% based on its latest 2018Q4 regulatory filing with the SEC. Basswood Capital Management Llc sold 51,045 shares as the company’s stock rose 3.97% with the market. The hedge fund held 287,789 shares of the major banks company at the end of 2018Q4, valued at $18.50M, down from 338,834 at the end of the previous reported quarter. Basswood Capital Management Llc who had been investing in Iberiabank Corp for a number of months, seems to be less bullish one the $4.21B market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $77.22. About 178,257 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has declined 3.03% since April 17, 2018 and is downtrending. It has underperformed by 7.40% the S&P500. Some Historical IBKC News: 19/04/2018 – IBERIABANK REPORTS 2020 STRATEGIC GOALS; 19/04/2018 – IBERIABANK Corp Announces 2020 Strategic Goals; 23/03/2018 – IBERIABANK Corporation Completes Acquisition Of Gibraltar Private Bank & Trust Co; 20/03/2018 – IBERIABANK – ANNOUNCED DECLARATION OF QUARTERLY CASH DIVIDEND OF $0.38/SHARE; 11/05/2018 – Ejf Capital LLC Exits Position in Iberiabank; 09/05/2018 – IBERIABANK Corporation Names Rosa SugraƱes to Its Board of Directors; 19/04/2018 – IBERIABANK HAS 2020 GOAL OF CORE EPS GROWTH; 19/04/2018 – IBERIABANK 1Q Adj EPS $1.37; 18/05/2018 – IBERIABANK CORP – PLANS TO CLOSE OR CONSOLIDATE 22 BRANCH LOCATIONS DURING SECOND AND THIRD QUARTERS OF 2018; 10/04/2018 – Iberia Bank Selects Continuity to Address Compliance Management

National Investment Services Inc decreased its stake in Molson Coors Brewing Co. (TAP) by 40.79% based on its latest 2018Q4 regulatory filing with the SEC. National Investment Services Inc sold 12,486 shares as the company’s stock declined 7.07% while stock markets rallied. The institutional investor held 18,124 shares of the beverages (production and distribution) company at the end of 2018Q4, valued at $1.02M, down from 30,610 at the end of the previous reported quarter. National Investment Services Inc who had been investing in Molson Coors Brewing Co. for a number of months, seems to be less bullish one the $12.82 billion market cap company. The stock decreased 0.42% or $0.25 during the last trading session, reaching $59.28. About 615,134 shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 20.29% since April 17, 2018 and is downtrending. It has underperformed by 24.66% the S&P500. Some Historical TAP News: 02/05/2018 – MOLSON COORS 2018 TARGETS UNCHANGED; 02/04/2018 – Fidelity Value Adds Sally Beauty, Exits Molson Coors; 02/05/2018 – Molson Coors Preliminary View of Its Long-Term Effective Tax Rate (after 2018) Is in the Range of 20%-24%; 30/04/2018 – Fidelity Mid Cap Value Adds Molson Coors, Cuts Spirit Aero; 02/05/2018 – MOLSON COORS 1Q UNDERLYING EPS 48C, EST. 77C; 11/05/2018 – “Mad Money” host Jim Cramer weighs Michael Kors against Molson Coors and uses the drastically different companies to teach an investing lesson; 24/05/2018 – Molson Coors Brewing Company June Investor Events; 24/05/2018 – Molson Coors Brewing Company Announces Regular Quarterly Dividend; 11/05/2018 – Michael Kors and Molson Coors are drastically different, but in a key way. @JimCramer breaks it down; 02/05/2018 – Molson Coors Sees Underlying Effective Tax Rate in the Range of 18%-22 % for 2018

Since January 29, 2019, it had 3 buys, and 7 sales for $1.00 million activity. Another trade for 1,000 shares valued at $77,614 was made by MACKIE HADDON SPURGEON JR on Friday, February 15. Shares for $671,163 were sold by BROWN MICHAEL J on Wednesday, January 30. On Friday, February 1 the insider Restel Anthony J sold $518,042. Maples Ricky E had bought 2,500 shares worth $189,000 on Tuesday, January 29.

Analysts await IBERIABANK Corporation (NASDAQ:IBKC) to report earnings on April, 18. They expect $1.65 earnings per share, up 20.44% or $0.28 from last year’s $1.37 per share. IBKC’s profit will be $90.02M for 11.70 P/E if the $1.65 EPS becomes a reality. After $1.86 actual earnings per share reported by IBERIABANK Corporation for the previous quarter, Wall Street now forecasts -11.29% negative EPS growth.

Investors sentiment increased to 1.11 in 2018 Q4. Its up 0.02, from 1.09 in 2018Q3. It increased, as 26 investors sold IBKC shares while 75 reduced holdings. 47 funds opened positions while 65 raised stakes. 44.94 million shares or 3.49% less from 46.56 million shares in 2018Q3 were reported. Jpmorgan Chase And holds 1.79M shares or 0.03% of its portfolio. National Bank Of Ny Mellon Corporation invested in 527,678 shares. Toronto Dominion Bancshares has invested 0% in IBERIABANK Corporation (NASDAQ:IBKC). Legal & General Gp Public Limited Com has 32,332 shares for 0% of their portfolio. Barrow Hanley Mewhinney And Strauss Limited Liability Corporation stated it has 0.01% in IBERIABANK Corporation (NASDAQ:IBKC). Wells Fargo And Mn has 0.02% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 882,516 shares. Glenmede Trust Na holds 630,340 shares. Sei Invs has invested 0.03% in IBERIABANK Corporation (NASDAQ:IBKC). Of Virginia Limited has invested 2.35% in IBERIABANK Corporation (NASDAQ:IBKC). Sg Americas Secs Ltd Co holds 8,768 shares or 0% of its portfolio. Commonwealth Bancorp Of Aus accumulated 3,300 shares or 0% of the stock. Balyasny Asset Mgmt Limited Liability Corporation stated it has 319,424 shares. Summit Wealth Ltd Llc invested in 0.26% or 12,331 shares. Alpha Windward Limited Liability Co holds 197 shares. Moreover, Price T Rowe Associate Md has 0% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 21,165 shares.

Basswood Capital Management Llc, which manages about $2.47B and $1.70B US Long portfolio, upped its stake in East West Bancorp Inc (NASDAQ:EWBC) by 355,239 shares to 393,228 shares, valued at $17.12M in 2018Q4, according to the filing. It also increased its holding in Bridge Bancorp Inc (NASDAQ:BDGE) by 47,832 shares in the quarter, for a total of 2.41M shares, and has risen its stake in Wells Fargo Co New (NYSE:WFC).

More notable recent IBERIABANK Corporation (NASDAQ:IBKC) news were published by: Nasdaq.com which released: “IBERIABANK Corporation (IBKC) Ex-Dividend Date Scheduled for September 27, 2018 – Nasdaq” on September 26, 2018, also Nasdaq.com with their article: “Iberiabank (IBKC) is a Top Dividend Stock Right Now: Should You Buy? – Nasdaq” published on March 28, 2019, Seekingalpha.com published: “IBERIABANK Corporation 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on January 25, 2019. More interesting news about IBERIABANK Corporation (NASDAQ:IBKC) were released by: 247Wallst.com and their article: “Bank Stock Valuations Cheapest in Almost 10 Years: 4 to Buy Now – 24/7 Wall St.” published on April 12, 2019 as well as Prnewswire.com‘s news article titled: “IBERIABANK Corporation Announces Pricing of $100 Million Preferred Stock Offering – PRNewswire” with publication date: March 28, 2019.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on May, 1. They expect $0.59 earnings per share, up 22.92% or $0.11 from last year’s $0.48 per share. TAP’s profit will be $127.63M for 25.12 P/E if the $0.59 EPS becomes a reality. After $0.84 actual earnings per share reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts -29.76% negative EPS growth.

Since November 1, 2018, it had 0 buys, and 2 sales for $336,217 activity.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart