International Bancshares Corporation (NASDAQ:IBOC) Receiving Somewhat Critical Media Coverage, Accern Reports
News coverage about International Bancshares Corporation (NASDAQ:IBOC) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. International Bancshares Corporation earned a news sentiment score of -0.20 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 25 out of 100, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the next few days.
Shares of International Bancshares Corporation (NASDAQ IBOC) traded up 1.41% on Friday, reaching $35.95. 110,271 shares of the company traded hands. The stock has a 50-day moving average price of $35.29 and a 200 day moving average price of $36.05. The firm has a market capitalization of $2.37 billion, a P/E ratio of 17.98 and a beta of 1.52. International Bancshares Corporation has a 1-year low of $25.78 and a 1-year high of $42.25.
International Bancshares Corporation (NASDAQ:IBOC) last issued its earnings results on Monday, May 8th. The bank reported $0.48 earnings per share for the quarter. The firm had revenue of $125.45 million during the quarter. Analysts anticipate that International Bancshares Corporation will post $1.59 EPS for the current fiscal year.
International Bancshares Corporation announced that its board has authorized a share repurchase program on Friday, April 21st that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 1.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Separately, BidaskClub upgraded shares of International Bancshares Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th.
In other news, VP R David Guerra sold 1,875 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $36.04, for a total transaction of $67,575.00. Following the transaction, the vice president now directly owns 2,500 shares in the company, valued at $90,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.93% of the stock is currently owned by company insiders.
About International Bancshares Corporation
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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