Media headlines about International Bancshares Corporation (NASDAQ:IBOC) have trended somewhat positive on Saturday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. International Bancshares Corporation earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.5346344468014 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of International Bancshares Corporation (IBOC) opened at $40.95 on Friday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 5.67 and a beta of 1.52. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.58.
International Bancshares Corporation (NASDAQ:IBOC) last announced its earnings results on Monday, August 7th. The bank reported $0.61 earnings per share (EPS) for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%.
The firm also recently declared a semiannual dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, September 28th. This represents a yield of 1.74%. International Bancshares Corporation’s payout ratio is currently 9.03%.
Separately, BidaskClub downgraded shares of International Bancshares Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th.
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In other news, Director Antonio R. Sanchez, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $36.52, for a total value of $547,800.00. Following the completion of the sale, the director now directly owns 1,672,890 shares in the company, valued at approximately $61,093,942.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP R David Guerra sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $36.67, for a total value of $91,675.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock valued at $3,177,275. Company insiders own 17.93% of the company’s stock.
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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