International Bancshares Co. (NASDAQ:IBOC) Sees Significant Decrease in Short Interest

International Bancshares Co. (NASDAQ:IBOC - Get Free Report) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 865,100 shares, a decline of 25.4% from the February 13th total of 1,160,000 shares. Based on an average daily trading volume, of 297,400 shares, the short-interest ratio is currently 2.9 days. Approximately 1.6% of the company's stock are sold short.

International Bancshares Stock Down 0.9 %

Shares of International Bancshares stock traded down $0.58 during trading on Thursday, hitting $62.98. The company's stock had a trading volume of 257,400 shares, compared to its average volume of 229,853. International Bancshares has a 52 week low of $51.80 and a 52 week high of $76.91. The company has a market capitalization of $3.92 billion, a PE ratio of 9.79 and a beta of 0.88. The company has a fifty day simple moving average of $64.88 and a two-hundred day simple moving average of $64.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

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

International Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.70 dividend. This is a boost from International Bancshares's previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares's dividend payout ratio is currently 21.31%.

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Hedge Funds Weigh In On International Bancshares

Several large investors have recently modified their holdings of IBOC. Versor Investments LP bought a new stake in International Bancshares during the 3rd quarter valued at about $222,000. Oppenheimer Asset Management Inc. purchased a new position in International Bancshares in the 3rd quarter worth approximately $202,000. Thrivent Financial for Lutherans raised its holdings in International Bancshares by 4.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank's stock worth $813,000 after acquiring an additional 575 shares during the last quarter. Quest Partners LLC lifted its position in International Bancshares by 18.8% in the 3rd quarter. Quest Partners LLC now owns 13,421 shares of the bank's stock valued at $802,000 after acquiring an additional 2,127 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of International Bancshares by 7.7% in the 3rd quarter. Intech Investment Management LLC now owns 14,238 shares of the bank's stock worth $851,000 after purchasing an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors 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.