International Bancshares (NASDAQ:IBOC - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.
International Bancshares Trading Down 0.5%
IBOC opened at $67.88 on Wednesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 10.25 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares has a 12 month low of $54.11 and a 12 month high of $76.91. The stock has a fifty day moving average price of $69.87 and a 200-day moving average price of $66.07.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 EPS for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in IBOC. GAMMA Investing LLC increased its position in International Bancshares by 183.1% during the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock valued at $71,000 after buying an additional 727 shares in the last quarter. SG Americas Securities LLC acquired a new position in International Bancshares during the 1st quarter valued at about $1,255,000. Janney Montgomery Scott LLC increased its position in International Bancshares by 14.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,091 shares of the bank's stock valued at $573,000 after buying an additional 1,166 shares in the last quarter. CENTRAL TRUST Co acquired a new position in International Bancshares during the 1st quarter valued at about $63,000. Finally, Bessemer Group Inc. grew its stake in International Bancshares by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after purchasing an additional 222 shares during the last quarter. 65.91% of the stock is owned by institutional investors and hedge funds.
International Bancshares Company Profile
(
Get Free Report)
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider International Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Bancshares wasn't on the list.
While International Bancshares currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
