For its first fiscal quarter (ending March 31), International Bancshares Corp (NASDAQ: IBOC) has reported a -4% decline in E.P.S. from $1.63 a year ago to $1.57 in the current quarter. For the latest four quarters through March 31, E.P.S. were $6.56 compared to $5.58 a year ago — an increase of 18%.
Recent Price Action
International Bancshares Corp (NASDAQ: IBOC) stock enjoyed a large increase of 2.1% on 5/2/24. The stock closed at $58.38. Moreover, trading volume in this advance was unusually high at 183% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, IBOC is expected to continue to be an important Value Builder.
International Bancshares has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. International Bancshares has a good Appreciation Score of 77 and a good Power Rating of 80, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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