IBERIABANK Corp (IBKC) Insider Sells Over 2,000 Shares

IBERIABANK Corp (NASDAQ:IBKC), saw an insider alter their holdings with the company through a transaction that began last week and was officially filed today, August 25th. Director Miles O. Pollard disposed of 2,125 shares of common stock at an average price of $64.9 per share. Following this move, Pollard holds a total of 10,713 shares directly in the company.
In addition, IBERIABANK Corp (NASDAQ:IBKC) is a $2.16 billion market cap financial holding company. Because it operates as a holding company, there are not a substantial amount of outside investors involved with the company. However, the fund run by billionaire Ken Griffin, Citadel Investment group, does in fact have stock invested in the holding corporation. The fund reported a 175% rise in its activity over the course of the last fiscal quarter, and following this move, holds 130,476 shares with a market value of approximately $9 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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