NEW YORK (
) -- The ex-dividend date for
International Bancshares Corporation
) is tomorrow, March 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $18.04 as of 9:31 a.m. ET, the dividend yield is 2%.
The average volume for International has been 207,100 shares per day over the past 30 days. International has a market cap of $1.3 billion and is part of the
industry. Shares are down 9.4% year to date as of the close of trading on Tuesday.
International Bancshares Corporation, a banking holding company, provides commercial and retail banking services in south, central, and southeast Texas; and Oklahoma. The company has a P/E ratio of 10.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates International as buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full