IBOC Stock Summary and Trading Ideas (International Bancshares | NASDAQ:IBOC)

International Bancshares Corp is a multibank financial holding company. The company provides commercial and retail banking services in Texas and Oklahoma. The services provided by the bank include checking, savings, bank cards, lending, insurance, mortgage, investments, and other services.

International Bancshares trades on the NASDAQ stock market under the symbol IBOC.

As of April 19, 2024, IBOC stock price climbed to $54.42 with 429,007 million shares trading.

IBOC has a beta of 1.19, meaning it tends to be more sensitive to market movements. IBOC has a correlation of 0.31 to the broad based SPY ETF.

IBOC has a market cap of $3.38 billion. This is considered a Mid Cap stock.

In the last 3 years, IBOC stock traded as high as $56.53 and as low as $37.72.

The top ETF exchange traded funds that IBOC belongs to (by Net Assets): VTI, IJH, VB, IWM, SCHD.

IBOC has outperformed the market in the last year with a price return of +34.9% while the SPY ETF gained +21.2%. IBOC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.3% and -0.9%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

IBOC support price is $51.63 and resistance is $53.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBOC stock will trade within this expected range on the day.