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

International Bancshares Co. (NASDAQ:IBOC) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,160,000 shares, a growth of 59.5% from the January 31st total of 727,500 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average trading volume of 284,500 shares, the days-to-cover ratio is currently 4.1 days.

International Bancshares Price Performance

Shares of International Bancshares stock traded down $2.47 on Tuesday, hitting $63.38. The company had a trading volume of 364,497 shares, compared to its average volume of 292,632. International Bancshares has a 52 week low of $51.80 and a 52 week high of $76.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.94 billion, a PE ratio of 9.86 and a beta of 0.93. The business has a 50-day simple moving average of $65.28 and a 200-day simple moving average of $64.93.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

International Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a yield of 4.42%. International Bancshares’s payout ratio is 21.31%.

Hedge Funds Weigh In On International Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of IBOC. Vanguard Group Inc. boosted its position in International Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock valued at $404,674,000 after purchasing an additional 18,408 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of International Bancshares by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock worth $131,257,000 after purchasing an additional 81,386 shares during the period. American Century Companies Inc. increased its holdings in shares of International Bancshares by 57.0% during the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after purchasing an additional 636,533 shares during the period. First Trust Advisors LP raised its holdings in International Bancshares by 21.3% in the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank’s stock valued at $91,585,000 after acquiring an additional 255,070 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after purchasing an additional 144,684 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

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.