International Bancshares Corporation (IBOC) Scheduled to Post Earnings on Monday
International Bancshares Corporation (NASDAQ:IBOC) will be posting its quarterly earnings results on Monday, November 6th.
International Bancshares Corporation (NASDAQ:IBOC) last announced its quarterly earnings data on Monday, August 7th. The bank reported $0.61 earnings per share (EPS) for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%. On average, analysts expect International Bancshares Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
The company also recently announced a semiannual dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a dividend yield of 1.74%. International Bancshares Corporation’s dividend payout ratio (DPR) is presently 9.03%.
In other International Bancshares Corporation news, Director Antonio R. Sanchez, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $36.26, for a total transaction of $1,813,000.00. Following the completion of the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at approximately $60,658,991.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP R David Guerra sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $36.67, for a total value of $91,675.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,500 shares of company stock valued at $3,177,275. Insiders own 17.93% of the company’s stock.
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Separately, BidaskClub cut International Bancshares Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th.
About International Bancshares Corporation
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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