Wunderlich Securities Remains Highly Confident In IBERIABANK

In a report published Thursday, Wunderlich Securities analyst Kevin Reynolds reiterated a Buy rating and $75.00 price target on IBERIABANK Corporation (NASDAQ: IBKC).

In the report, Wunderlich Securities noted, "We reiterate our Buy rating on shares of IBERIABANK Corporation (IBKC) and we maintain our $75 price target following the company's investor day in New York. IBKC management provided a tremendous amount of detail, especially concerning its energy portfolio, the potential for loss (very low), and the potential for a slowdown in growth (also very low). Over the course of 2015, we believe investors in IBKC will benefit from (1) above-average organic growth, (2) a clear path to above-average profitability, (3) smart, accretive M&A activity, and (4) meaningful asset sensitivity. And, all of these positive attributes can be purchased at a valuation discount to peers on both 2015 EPS and TBV/share, which makes IBKC our top bank pick for 2015."

IBERIABANK closed on Wednesday at $63.14.