International Bancshares Corporation (IBOC) Earns Coverage Optimism Score of 0.16

Press coverage about International Bancshares Corporation (NASDAQ:IBOC) has trended somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Bancshares Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.9146538167759 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Separately, BidaskClub lowered shares of International Bancshares Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.

Shares of International Bancshares Corporation (NASDAQ IBOC) opened at 42.05 on Wednesday. International Bancshares Corporation has a 1-year low of $29.31 and a 1-year high of $42.25. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 19.47 and a beta of 1.54. The stock’s 50 day moving average is $37.85 and its 200-day moving average is $35.95.

International Bancshares Corporation (NASDAQ:IBOC) last posted its earnings results on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%. On average, analysts anticipate that International Bancshares Corporation will post $1.59 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, September 28th. This represents a dividend yield of 1.74%. International Bancshares Corporation’s dividend payout ratio (DPR) is presently 9.03%.

In other news, Director Antonio R. Sanchez, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,672,890 shares in the company, valued at $61,093,942.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP R David Guerra sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $36.67, for a total value of $91,675.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock valued at $3,177,275. Corporate insiders own 17.93% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for International Bancshares Corporation (NASDAQ:IBOC)

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