International Bancshares Co. (NASDAQ:IBOC – Get Free Report) shares saw an uptick in trading volume on Friday . 147,216 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 224,987 shares.The stock last traded at $62.78 and had previously closed at $63.66.
International Bancshares Stock Performance
The firm’s 50 day moving average is $62.26 and its 200-day moving average is $58.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $3.88 billion, a PE ratio of 9.72 and a beta of 0.88.
International Bancshares (NASDAQ:IBOC – Get Free Report) last announced its earnings results on Thursday, August 1st. The bank reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $207.75 million for the quarter. International Bancshares had a net margin of 39.64% and a return on equity of 16.66%.
International Bancshares Dividend Announcement
Institutional Investors Weigh In On International Bancshares
A number of large investors have recently modified their holdings of IBOC. TFO Wealth Partners LLC raised its stake in International Bancshares by 13,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock valued at $29,000 after buying an additional 533 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after buying an additional 306 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of International Bancshares in the second quarter valued at $39,000. LRI Investments LLC purchased a new stake in International Bancshares during the first quarter valued at about $117,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in International Bancshares during the first quarter valued at $151,000. Institutional investors and hedge funds own 65.91% of the company’s stock.
International Bancshares Company Profile
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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