International Rises On Unusually High Volume (IBOC)

NEW YORK ( TheStreet) -- International Bancshares Corporation (Nasdaq: IBOC) is trading at unusually high volume Tuesday with 888,558 shares changing hands. It is currently at 4.4 times its average daily volume and trading up 55 cents (+2.8%) at $20.21 as of 3:45 p.m. ET.

International has a market cap of $1.29 billion and is part of the financial sector and banking industry. Shares are up 4.6% year to date as of the close of trading on Monday.

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in south, central, and southeast Texas; and Oklahoma. The company has a P/E ratio of 11.6, equal to the average banking industry P/E ratio 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full International Ratings Report.

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