For its third fiscal quarter (ending September 30), International Bancshares Corp (NASDAQ: IBOC) has reported a 24% increase in E.P.S. from $1.34 a year ago to $1.66 in the current quarter. E.P.S. were $6.61 for the latest four quarters through September 30 versus $4.00 for the same period a year ago — an increase of 65%.
Recent Price Action
On 11/2/23, International Bancshares Corp (NASDAQ: IBOC) stock enjoyed a large increase of 2.8%, closing at $45.40. The stock has risen 5.7% during the last week and has been strong relative to the market over the last nine months.
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 C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. International Bancshares has a neutral Appreciation Score of 46 and a neutral Power Rating of 59, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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