StockNews.com initiated coverage on shares of International Bancshares (NASDAQ:IBOC – Get Rating) in a report published on Thursday. The firm issued a hold rating on the bank’s stock.
International Bancshares Price Performance
NASDAQ IBOC traded down $2.34 on Thursday, reaching $42.82. The company had a trading volume of 1,478,735 shares, compared to its average volume of 342,070. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2.66 billion, a PE ratio of 8.94 and a beta of 1.00. The firm’s 50 day moving average price is $46.00 and its 200 day moving average price is $46.41. International Bancshares has a 12 month low of $38.00 and a 12 month high of $53.71.
International Bancshares Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 15th were issued a $0.63 dividend. This is an increase from International Bancshares’s previous Semi-Annual dividend of $0.60. This represents a yield of 2.5%. The ex-dividend date was Tuesday, February 14th. International Bancshares’s payout ratio is currently 26.30%.
Institutional Trading of International Bancshares
International Bancshares Company Profile
International Bancshares Corp. is a financial holding company, which provides banking services for commercial, consumer, and international customers of South, Central, and Southeast Texas and the State of Oklahoma. It engages 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.
- Get a free copy of the StockNews.com research report on International Bancshares (IBOC)
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