The IBD SmartSelect Composite Rating for International Bancshares increased from 94 to 96 Friday.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
International Bancshares is trading about 2% above a 69.87 entry from a consolidation.
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One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported -4% EPS growth. It has now posted accelerating EPS gains for two consecutive quarters. Sales growth came in at 0%, down from 2% in the prior quarter.
International Bancshares holds the No. 5 rank among its peers in the Banks-West/Southwest industry group. Bank7 is the top-ranked stock within the group.
