International Bancshares Co. (NASDAQ:IBOC) Short Interest Update

International Bancshares Co. (NASDAQ:IBOC) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 792,500 shares, a decrease of 17.4% from the September 15th total of 959,700 shares. Based on an average daily trading volume, of 222,500 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.5% of the shares of the stock are short sold.

International Bancshares Price Performance

IBOC stock opened at $63.49 on Wednesday. International Bancshares has a 1 year low of $42.25 and a 1 year high of $69.87. 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 stock’s 50 day moving average price is $60.40 and its 200 day moving average price is $58.91. The firm has a market cap of $3.95 billion, a P/E ratio of 9.69 and a beta of 0.87.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a return on equity of 16.66% and a net margin of 39.64%. The company had revenue of $207.75 million for the quarter.

International Bancshares Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.66 per share. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 14th. International Bancshares’s dividend payout ratio is presently 20.15%.

Institutional Trading of International Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in IBOC. Blue Trust Inc. increased its holdings in shares of International Bancshares by 141.0% during the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of International Bancshares during the 2nd quarter worth $39,000. LRI Investments LLC acquired a new stake in International Bancshares in the 1st quarter valued at $117,000. CWM LLC grew its stake in shares of International Bancshares by 5,673.7% during the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of International Bancshares during the first quarter valued at about $151,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

About International Bancshares

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.