Somewhat Positive News Coverage Somewhat Unlikely to Affect International Bancshares Corporation (IBOC) Share Price

News articles about International Bancshares Corporation (NASDAQ:IBOC) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. International Bancshares Corporation earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.7702295831123 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of International Bancshares Corporation (IBOC) traded up $0.60 on Tuesday, reaching $39.45. The company had a trading volume of 233,297 shares, compared to its average volume of 189,866. The company has a market capitalization of $2,567.00, a P/E ratio of 17.58 and a beta of 1.52. International Bancshares Corporation has a 12 month low of $32.50 and a 12 month high of $42.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 0.72.

International Bancshares Corporation (NASDAQ:IBOC) last issued its quarterly earnings results on Wednesday, November 8th. The bank reported $0.59 earnings per share (EPS) for the quarter. International Bancshares Corporation had a return on equity of 8.34% and a net margin of 26.36%.

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In related news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $38.91, for a total value of $11,673,000.00. Following the completion of the sale, the director now directly owns 1,672,890 shares in the company, valued at $65,092,149.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Antonio R. Sanchez, Jr. sold 134,900 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $38.86, for a total value of $5,242,214.00. Following the completion of the sale, the director now owns 1,672,890 shares of the company’s stock, valued at $65,008,505.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 437,400 shares of company stock valued at $17,006,889. 17.93% of the stock is owned by corporate 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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