International Bancshares’ (IBOC) Buy (B) Rating Reiterated at Weiss Ratings

International Bancshares (NASDAQ:IBOC)‘s stock had its “buy (b)” rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

International Bancshares Trading Down 0.5%

IBOC opened at $67.88 on Wednesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 10.25 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares has a 12 month low of $54.11 and a 12 month high of $76.91. The stock has a fifty day moving average price of $69.87 and a 200-day moving average price of $66.07.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 EPS for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBOC. GAMMA Investing LLC increased its position in International Bancshares by 183.1% during the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock valued at $71,000 after buying an additional 727 shares in the last quarter. SG Americas Securities LLC acquired a new position in International Bancshares during the 1st quarter valued at about $1,255,000. Janney Montgomery Scott LLC increased its position in International Bancshares by 14.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,091 shares of the bank’s stock valued at $573,000 after buying an additional 1,166 shares in the last quarter. CENTRAL TRUST Co acquired a new position in International Bancshares during the 1st quarter valued at about $63,000. Finally, Bessemer Group Inc. grew its stake in International Bancshares by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank’s stock valued at $171,000 after purchasing an additional 222 shares during the last quarter. 65.91% of the stock is owned by institutional investors and hedge funds.

International Bancshares Company Profile

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.