International Stock Hits New 52-Week High (IBOC)

NEW YORK ( TheStreet) -- International Bancshares Corporation (Nasdaq: IBOC) hit a new 52-week high Wednesday as it is currently trading at $20.12, above its previous 52-week high of $20.10 with 47,015 shares traded as of 9:58 a.m. ET. Average volume has been 260,100 shares over the past 30 days.

International has a market cap of $1.34 billion and is part of the financial sector and banking industry. Shares are up 9.5% 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 11.5, below the average banking industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full International Ratings Report.

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