Media headlines about International Bancshares Corporation (NASDAQ:IBOC) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Bancshares Corporation earned a news impact score of 0.04 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.8506735737161 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
International Bancshares Corporation (NASDAQ:IBOC) opened at 36.80 on Friday. The company has a 50-day moving average price of $35.72 and a 200 day moving average price of $35.62. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 17.04 and a beta of 1.53. International Bancshares Corporation has a 12 month low of $28.47 and a 12 month high of $42.25.
International Bancshares Corporation (NASDAQ:IBOC) last released its earnings results on Monday, August 7th. The bank reported $0.61 EPS for the quarter. International Bancshares Corporation had a net margin of 26.21% and a return on equity of 8.20%. Equities analysts predict that International Bancshares Corporation will post $1.59 earnings per share for the current year.
Separately, BidaskClub upgraded International Bancshares Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.
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In other International Bancshares Corporation news, Director Antonio R. Sanchez, Jr. sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $36.24, for a total value of $724,800.00. Following the transaction, the director now owns 1,672,890 shares in the company, valued at approximately $60,625,533.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Antonio R. Sanchez, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $36.52, for a total transaction of $547,800.00. Following the completion of the transaction, the director now owns 1,672,890 shares in the company, valued at approximately $61,093,942.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,000 shares of company stock valued at $3,085,600. 17.93% of the stock is owned by corporate insiders.
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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