Alert: Positive Investment/Fundamental Signals (11/6/23)-International Bancshares Corp (NASDAQ: IBOC)


International Bancshares Corp (NASDAQ: IBOC). Extremely significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Meaningful positive changes in fundamentals have recently occurred for International Bancshares Corp (NASDAQ: IBOC): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, IBOC is expected to continue to be an important Value Builder.

International Bancshares has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. International Bancshares has a neutral Appreciation Score of 44 and a slightly positive Power Rating of 61, triggering the Neutral Value Trend Rating.

Recent Price Action

International Bancshares Corp (NASDAQ: IBOC) stock suffered a large decline of -2.6% on 11/6/23. The stock closed at $46.32. The stock has been strong relative to the market over the last nine months and has risen 7.8% during the last week.

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