International Bancshares Corporation (IBOC) Receives News Sentiment Score of 0.12
Media coverage about International Bancshares Corporation (NASDAQ:IBOC) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. International Bancshares Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.3967763612306 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Insider Selling: International Bancshares Corporation (IBOC) Director Sells 15,000 Shares of Stock (americanbankingnews.com)
- International Bancshares Corporation (IBOC) Director Sells $724,800.00 in Stock (americanbankingnews.com)
- Insider Selling: International Bancshares Corporation (IBOC) Director Sells 50,000 Shares of Stock (americanbankingnews.com)
- International Bancshares Corp. breached its 50 day moving average in a Bearish Manner : IBOC-US : August 14, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about International Bancshares Corp. (finance.yahoo.com)
Shares of International Bancshares Corporation (IBOC) opened at 34.85 on Friday. The stock has a 50 day moving average price of $35.52 and a 200-day moving average price of $35.91. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.13 and a beta of 1.52. International Bancshares Corporation has a one year low of $27.92 and a one year high of $42.25.
International Bancshares Corporation (NASDAQ:IBOC) last issued its quarterly earnings results on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%. On average, equities research analysts expect that International Bancshares Corporation will post $1.59 EPS for the current year.
International Bancshares Corporation announced that its Board of Directors has authorized a share buyback program on Friday, April 21st that allows the company to buyback $40.00 million in shares. This buyback authorization allows the bank to purchase up to 1.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
Separately, BidaskClub lowered International Bancshares Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th.
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In other news, VP R David Guerra sold 1,875 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $36.04, for a total value of $67,575.00. Following the completion of the sale, the vice president now directly owns 2,500 shares in the company, valued at approximately $90,100. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Antonio R. Sanchez, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $36.26, for a total value of $1,813,000.00. Following the completion of the sale, the director now owns 1,672,890 shares of the company’s stock, valued at $60,658,991.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,875 shares of company stock valued at $3,153,175. Company insiders own 17.93% of the company’s stock.
International Bancshares Corporation Company Profile
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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