International Bancshares Corp (NASDAQ: IBOC) has reported E.P.S. of $1.56 for its second fiscal quarter (ending June 30) versus $1.62 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $6.50 versus $6.28 for the same period a year ago.
Recent Price Action
On 8/1/24, International Bancshares Corp (NASDAQ: IBOC) stock suffered a large decline of -5.6%, closing at $63.67. Moreover, trading volume in this decline was above average at 140% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.6% during the last week.
Current PriceTarget Research Rating
IBOC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above 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 73 and a good Power Rating of 78, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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