International Bancshares Corp (NASDAQ: IBOC) is 34.22% higher on its value in year-to-date trading and has touched a low of $44.24 and a high of $76.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IBOC stock was last observed hovering at around $73.88 in the last trading session, with the day’s loss setting it -0.97%.
Currently trading at $72.91, the stock is 4.27% and 12.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -1.31% at the moment leaves the stock 22.81% off its SMA200. IBOC registered 63.84% gain for a year compared to 6-month gain of 28.95%. The firm has a 50-day simple moving average (SMA 50) of $64.4018 and a 200-day simple moving average (SMA200) of $59.2645.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 17.48% loss in the last 1 month and extending the period to 3 months gives it a 17.20%, and is 4.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.77% over the week and 2.93% over the month.
International Bancshares Corp (IBOC) has around 2292 employees, a market worth around $4.54B and $1.04B in sales. Current P/E ratio is 11.34. Profit margin for the company is 38.66%. Distance from 52-week low is 64.81% and -5.20% from its 52-week high. The company has generated returns on investments over the last 12 months (13.96%).
327.0 institutions hold shares in International Bancshares Corp (IBOC), with institutional investors hold 78.74% of the company’s shares. The shares outstanding are 62.08M, and float is at 55.17M with Short Float at 1.28%. Institutions hold 67.78% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.76 million shares valued at $386.83 million. The investor’s holdings represent 10.8794 of the IBOC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.38 million shares valued at $365.05 million to account for 10.2669 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.82 million shares representing 6.1523 and valued at over $218.75 million, while STATE STREET CORP holds 4.1402 of the shares totaling 2.57 million with a market value of $147.21 million.
International Bancshares Corp (IBOC) Insider Activity
International Bancshares Corp disclosed in a document filed with the SEC on Nov 13 ’24 that NIXON DENNIS E (CEO) sold a total of 65,185 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $71.47 per share for $4.66 million. Following the transaction, the insider now directly holds 0.9 million shares of the IBOC stock.
Still, SEC filings show that on Nov 12 ’24, NIXON DENNIS E (CEO) disposed off 34,815 shares at an average price of $72.18 for $2.51 million. The insider now directly holds 965,185 shares of International Bancshares Corp (IBOC).
