International Bancshares Corp (NASDAQ: IBOC) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and its shorter term price trend turned up.
Significant positive changes in fundamentals have recently occurred for International Bancshares Corp (NASDAQ: IBOC): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
IBOC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
International Bancshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. International Bancshares has a good Appreciation Score of 78 and a good Power Rating of 83, and the Highest Value Trend Rating results.
Recent Price Action
On 3/15/24, International Bancshares Corp (NASDAQ: IBOC) stock rose modestly by 0.9%, closing at $53.42. Moreover, trading volume in this advance was exceptionally high at 648% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.3% during the last week.
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