International Bancshares Corporation (IBOC) Is A Stock You Should Watch

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As of Wednesday close, International Bancshares Corporation’s (NASDAQ:IBOC) stock was up $0.1, moving up 0.19 percent to $52.08. The average number of shares traded per day over the past five days has been 274,400 shares. 4 times new highs have been achieved over the past 5 days, with a $1.29 gain in that time frame. In the last twenty days, the average volume was 272,895, while in the previous 50 days, it was 291,476.

Since last month, IBOC stock rose 8.61%. Shares of the company fell to $47.49 on 11/03/22, the lowest level in the past month. A 52-week high of $53.71 was reached on 11/10/22 after having rallying from a 52-week low of $38.00. Since the beginning of this year, IBOC’s stock price has risen by 22.86% or $9.69, and marked a new high 24 times. However, the stock has declined by -3.03% since its 52-week high.


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Valuation Metrics

Right now, International Bancshares Corporation (IBOC) has a P/E ratio of about 13.06. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 7.12, the price-to-book (PB) ratio of 1.66, and the price-to-cash flow ratio of 12.23 may also be considered.

The latest dividend of $0.60 per share was paid out, remained unchanged from last year’s $0.60. On Monday August 9 2021, a $0.05 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.07, and the total debt-to-equity ratio was 0.07. In the recent year, operating margins totaled 89.80%. Based on annual data, IBOC earned $371.27 million in gross profit and brought in $398.1 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.10%. Return on equity (ROE) for the past 12 months was 11.80%.

Technical Picture

This quick technical analysis looks at International Bancshares Corporation’s (IBOC) price momentum. With a historical volatility rate of 25.21%, the RSI 9-day stood at 66.03% on 23 November.

With respect to its five-day moving average, the current International Bancshares Corporation price is up by +2.54% percent or $1.29. At present, IBOC shares trade +9.37% above its 20-day simple moving average and +27.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.00% above its SMA50 and +19.15% above its SMA200.

Stochastic coefficient K was 65.13% and Stochastic coefficient D was 61.94%, while ATR was 1.21. Given the Stochastic reading of 63.98% for the 14-day period, the RSI (14) reading has been calculated as 65.42%. As of today, the MACD Oscillator reading stands at 0.49, while the 14-day reading stands at 0.44.

Analyst Ratings

International Bancshares Corporation downgraded its rating on International Bancshares Corporation (NASDAQ: IBOC) to a Hold in a note to investors on October 27, 2011. The analysts firm previously had a Buy rating on the stock.International Bancshares Corporation (IBOC) has been rated Hold by analysts. According to 0 brokerage firms, IBOC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate International Bancshares Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $22.00 – $22.00. Based on these forecasts, analysts predict International Bancshares Corporation (IBOC) will achieve an average price target of $22.00.

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