International Bancshares (NASDAQ:IBOC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
Shares of International Bancshares (IBOC) traded up $0.45 during trading hours on Thursday, hitting $42.05. 113,484 shares of the stock were exchanged, compared to its average volume of 239,617. The company has a market cap of $2,778.45, a price-to-earnings ratio of 19.03 and a beta of 1.51. International Bancshares has a 1 year low of $32.50 and a 1 year high of $42.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68.
International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Wednesday, November 8th. The bank reported $0.59 EPS for the quarter. International Bancshares had a net margin of 26.36% and a return on equity of 8.34%.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of International Bancshares in the 2nd quarter worth $208,000. Quantbot Technologies LP increased its holdings in shares of International Bancshares by 387.1% in the 2nd quarter. Quantbot Technologies LP now owns 6,819 shares of the bank’s stock worth $239,000 after buying an additional 5,419 shares during the last quarter. Amalgamated Bank increased its holdings in shares of International Bancshares by 0.9% in the 2nd quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock worth $274,000 after buying an additional 72 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of International Bancshares in the 2nd quarter worth $303,000. Finally, Suntrust Banks Inc. increased its holdings in shares of International Bancshares by 0.7% in the 2nd quarter. Suntrust Banks Inc. now owns 9,879 shares of the bank’s stock worth $346,000 after buying an additional 72 shares during the last quarter. 57.00% of the stock is currently owned by hedge funds and other institutional investors.
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International Bancshares Company Profile
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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