International Bancshares (TXSE:IBOC – Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.26, FiscalAI reports. The company had revenue of $228.90 million during the quarter, compared to analyst estimates of $273.45 million. International Bancshares had a net margin of 38.83% and a return on equity of 12.67%.
International Bancshares Price Performance
The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $4.20 billion, a PE ratio of 10.20 and a beta of 0.70. The stock has a fifty day simple moving average of $68.90 and a two-hundred day simple moving average of $71.32. International Bancshares has a 52-week low of $63.19 and a 52-week high of $78.46.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded International Bancshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $85.00.
Check Out Our Latest Report on International Bancshares
About International Bancshares
International Bancshares Corporation is a financial holding company headquartered in Laredo, Texas. Through its principal subsidiary, IBC Bank, the company provides banking and related financial services to individuals, businesses and institutions.
IBC Bank offers consumer and commercial deposit accounts, business and personal lending, mortgage services, cash management, treasury services, trust and wealth management, and international banking. Its products are designed to support everyday banking needs as well as commercial financing and cross-border transactions.
Founded in 1966, International Bancshares Corporation has built a regional banking franchise serving communities across South, Central and Southeast Texas, as well as Oklahoma.
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