International Bancshares (NASDAQ:IBOC) Stock Rating Lowered by BidaskClub
Separately, ValuEngine cut International Bancshares from a hold rating to a sell rating in a research note on Tuesday, July 2nd.
Shares of IBOC opened at $33.27 on Friday. International Bancshares has a 52 week low of $32.50 and a 52 week high of $47.95. The company has a market cap of $2.21 billion, a PE ratio of 10.52 and a beta of 1.32. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $36.49.
Institutional investors and hedge funds have recently made changes to their positions in the company. Laurion Capital Management LP acquired a new position in International Bancshares during the 2nd quarter valued at about $499,000. Tower Research Capital LLC TRC boosted its stake in International Bancshares by 459.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 833 shares of the bank’s stock valued at $31,000 after purchasing an additional 684 shares during the last quarter. Trinity Legacy Partners LLC acquired a new position in International Bancshares during the 2nd quarter valued at about $370,000. APG Asset Management N.V. boosted its stake in International Bancshares by 39.0% during the 2nd quarter. APG Asset Management N.V. now owns 100,900 shares of the bank’s stock valued at $3,341,000 after purchasing an additional 28,300 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in International Bancshares by 1.3% during the 2nd quarter. Northern Trust Corp now owns 1,212,327 shares of the bank’s stock valued at $45,716,000 after purchasing an additional 15,652 shares during the last quarter. Institutional investors own 59.63% of the company’s stock.
International Bancshares Company Profile
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.
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