As of Friday close, International Bancshares Corporation’s (NASDAQ:IBOC) stock was down -$0.36, moving down -0.79 percent to $45.16. The average number of shares traded per day over the past five days has been 320,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.47 fall in that time frame. In the last twenty days, the average volume was 228,815, while in the previous 50 days, it was 230,628.
Since last month, IBOC stock retreated -8.04%. Shares of the company fell to $44.70 on 08/16/23, the lowest level in the past month. A 52-week high of $53.71 was reached on 08/01/23 after having rallying from a 52-week low of $39.10. Since the beginning of this year, IBOC’s stock price has dropped by -1.31% or -$0.60, and marked a new high 12 times. However, the stock has declined by -15.92% since its 52-week high.
IBOC stock investors should be aware that International Bancshares Corporation (IBOC) stock had its last reported insider trading activity 176 days ago on Feb 24. ZUNIGA DIANA G, the Director of the company, purchased of 30 shares for $46.70 on Feb 24. It resulted in a $1,401 investment by the insider. SANCHEZ ANTONIO R JR sold 50,000 shares at an average price of $51.78 on Nov 29. The insider now owns 667,439 shares following the transaction. On Nov 28, Director SANCHEZ ANTONIO R JR sold 50,000 shares at $52.01 apiece. The transaction was valued at $2,600,500.
Valuation Metrics
Right now, International Bancshares Corporation (IBOC) has a P/E ratio of about 7.20. The stock’s beta is 1.01. Besides these, the trailing price-to-sales (P/S) ratio of 3.93, the price-to-book (PB) ratio of 1.28, and the price-to-cash flow ratio of 6.48 may also be considered.
The latest dividend of $0.63 per share was paid out, remained unchanged from last year’s $0.63. On Wednesday February 1 2023, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.05, and the total debt-to-equity ratio was 0.05. In the recent year, operating margins totaled 83.90%. Based on annual data, IBOC earned $487.62 million in gross profit and brought in $525.78 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 17.60%. Return on equity (ROE) for the past 12 months was 18.70%.
Technical Picture
This quick technical analysis looks at International Bancshares Corporation’s (IBOC) price momentum. With a historical volatility rate of 18.28%, the RSI 9-day stood at 32.82% on 18 August.
With respect to its five-day moving average, the current International Bancshares Corporation price is down by -3.15% percent or -$1.47. At present, IBOC shares trade -6.27% below its 20-day simple moving average and +3.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.02% below its SMA50 and -8.95% below its SMA200.
Stochastic coefficient K was 9.56% and Stochastic coefficient D was 7.74%, while ATR was 1.09. Given the Stochastic reading of 8.68% for the 14-day period, the RSI (14) reading has been calculated as 39.17%. As of today, the MACD Oscillator reading stands at -0.82, while the 14-day reading stands at -1.86.
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.
