Setting A New 52 Week Low, International Bancshares Corp (Nasdaq:IBOC) Finishing At $35.60

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International Bancshares Corp (Nasdaq:IBOC)

December 6th, 2018
International Bancshares Corp finished Thursday’s trading session down 0.97%, a $0.35 decrease to close on $35.60. As well as the drop in value, International Bancshares Corp hit a new 52 week low of $34.85, breaking the previous low of $35.82 from earlier this month.

IBOC outperformed the rest of the Financials sector which went down only 1.44% today.

Expectations from 1 analyst indicates that International Bancshares Corp might drop somewhat (-39%), while Finbox has calculated (with high uncertainty) a fair value price of $30.95.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector declining 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

International Bancshares Corporation is based in Laredo.

International Bancshares Corp Info

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange. In addition, it offers other banking related services, such as credit cards and safety deposit boxes; collection, notary public, escrow, and drive-up and walk-up facilities, as well as other customary banking services; and Internet banking services, as well as securities products through third party providers. The company provides its services through 192 branch locations and 294 ATMs serving 87 communities in south, central, and southeast Texas, as well as in the state of Oklahoma. International Bancshares Corporation was founded in 1966 and is based in Laredo, Texas.

All amounts in USD unless otherwise indicated

IBOC daily update
IBOC daily update


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