International Bancshares Corp (NASDAQ: IBOC). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful 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 C. We would 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. International Bancshares has a neutral Appreciation Score of 46 and a slightly positive Power Rating of 64, leading to the Neutral Value Trend Rating.
Recent Price Action
International Bancshares Corp (NASDAQ: IBOC) stock closed at $46.25 on 11/20/23 after a decline of -1.4%. Relative to the market the stock has been strong over the last nine months and has risen 3.9% during the last week.
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