BidaskClub upgraded shares of International Bancshares (NASDAQ:IBOC) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, BidAskClub reports.

Separately, ValuEngine cut shares of International Bancshares from a hold rating to a sell rating in a research note on Tuesday, July 2nd.

NASDAQ:IBOC opened at $39.50 on Wednesday. The stock has a market cap of $2.59 billion, a P/E ratio of 12.47 and a beta of 1.33. International Bancshares has a one year low of $32.04 and a one year high of $47.85. The company has a fifty day moving average price of $35.69 and a 200 day moving average price of $38.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.79 and a quick ratio of 0.79.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Thursday, August 8th. The bank reported $0.76 EPS for the quarter. International Bancshares had a net margin of 32.82% and a return on equity of 10.79%.

The firm also recently declared a 0.50000 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.55 dividend. This represents a yield of 2.5%. The ex-dividend date is Friday, September 27th.

In other International Bancshares news, Director Roberto R. Resendez purchased 4,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $32.40 per share, with a total value of $129,600.00. Following the acquisition, the director now directly owns 16,730 shares of the company’s stock, valued at approximately $542,052. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 16.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in International Bancshares in the 2nd quarter valued at $26,000. Quantamental Technologies LLC increased its holdings in International Bancshares by 241.5% in the 2nd quarter. Quantamental Technologies LLC now owns 782 shares of the bank’s stock valued at $29,000 after buying an additional 553 shares during the period. Tower Research Capital LLC TRC increased its holdings in International Bancshares by 459.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 833 shares of the bank’s stock valued at $31,000 after buying an additional 684 shares during the period. WINTON GROUP Ltd bought a new stake in International Bancshares in the 2nd quarter valued at $203,000. Finally, Paloma Partners Management Co bought a new stake in International Bancshares in the 2nd quarter valued at $216,000. 59.70% of the stock is currently owned by hedge funds and other institutional investors.

About International Bancshares

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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