Alert: Positive Investment/Fundamental Signals (12/1/23)-International Bancshares Corp (NASDAQ: IBOC)


International Bancshares Corp (NASDAQ: IBOC) has benefited from extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.

Important positive changes in fundamentals have recently occurred for International Bancshares Corp (NASDAQ: IBOC): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings 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

IBOC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

International Bancshares has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. International Bancshares has a neutral Appreciation Score of 48 but a good Power Rating of 70, with the High Neutral Value Trend Rating the result.

Recent Price Action

International Bancshares Corp (NASDAQ: IBOC) stock closed at $46.69 on 12/1/23 after a large increase of 4.1%. Moreover, exceptionally high trading volume at 200% of normal accompanied the advance. The stock has risen 3.2% during the last week and has been strong relative to the market over the last nine months.

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