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

by · The Cerbat Gem

International Bancshares Co. (NASDAQ:IBOC – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,100,000 shares, a drop of 6.8% from the August 15th total of 1,180,000 shares. Based on an average trading volume of 235,500 shares, the short-interest ratio is presently 4.7 days. Approximately 2.0% of the shares of the company are sold short.

International Bancshares Stock Up 1.0 %

Shares of NASDAQ:IBOC opened at $62.30 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $3.87 billion, a P/E ratio of 9.51 and a beta of 0.88. International Bancshares has a 1-year low of $41.96 and a 1-year high of $69.87. The firm has a fifty day moving average price of $62.12 and a 200 day moving average price of $58.09.

International Bancshares (NASDAQ:IBOC – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The bank reported $1.56 EPS for the quarter. International Bancshares had a return on equity of 16.66% and a net margin of 39.64%. The firm had revenue of $207.75 million during the quarter.

International Bancshares Announces Dividend

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

Institutional Trading of International Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in 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 purchasing an additional 306 shares during the period. TFO Wealth Partners LLC raised its position in International Bancshares by 13,325.0% in the fourth quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock worth $29,000 after acquiring an additional 533 shares in the last quarter. LRI Investments LLC acquired a new stake in International Bancshares in the first quarter valued at $117,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of International Bancshares during the 1st quarter worth $151,000. Finally, Covestor Ltd grew its stake in shares of International Bancshares by 14.4% during the 1st quarter. Covestor Ltd now owns 3,369 shares of the bank’s stock worth $189,000 after purchasing an additional 424 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

About International Bancshares

(Get Free Report)

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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