International Bancshares (IBOC) Stock Rating Upgraded by BidaskClub
International Bancshares (NASDAQ:IBOC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.
Shares of International Bancshares (NASDAQ IBOC) traded up $0.35 during trading on Friday, reaching $41.60. 277,353 shares of the company’s stock were exchanged, compared to its average volume of 233,749. International Bancshares has a 12-month low of $32.50 and a 12-month high of $42.40. The company has a market cap of $2,750.00, a P/E ratio of 18.67 and a beta of 1.52. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68.
International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Wednesday, November 8th. The bank reported $0.59 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 26.36% and a return on equity of 8.34%.
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of International Bancshares by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,529,495 shares of the bank’s stock valued at $181,634,000 after buying an additional 40,009 shares in the last quarter. State Street Corp increased its position in shares of International Bancshares by 2.1% during the 2nd quarter. State Street Corp now owns 2,216,366 shares of the bank’s stock worth $77,684,000 after purchasing an additional 45,743 shares in the last quarter. Northern Trust Corp increased its position in shares of International Bancshares by 1.3% during the 2nd quarter. Northern Trust Corp now owns 1,953,897 shares of the bank’s stock worth $68,484,000 after purchasing an additional 25,918 shares in the last quarter. Prudential Financial Inc. increased its position in shares of International Bancshares by 11.9% during the 3rd quarter. Prudential Financial Inc. now owns 909,644 shares of the bank’s stock worth $36,476,000 after purchasing an additional 96,750 shares in the last quarter. Finally, Polaris Capital Management LLC increased its position in shares of International Bancshares by 1.6% during the 2nd quarter. Polaris Capital Management LLC now owns 849,405 shares of the bank’s stock worth $29,772,000 after purchasing an additional 13,600 shares in the last quarter. Institutional investors own 57.01% of the company’s stock.
About International Bancshares
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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