Short Interest in International Bancshares Co. (NASDAQ:IBOC) Decreases By 23.0%

International Bancshares Co. (NASDAQ:IBOC - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 785,900 shares, a decrease of 23.0% from the March 15th total of 1,020,000 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 331,500 shares, the days-to-cover ratio is presently 2.4 days.

International Bancshares Stock Performance

IBOC stock traded up $0.17 on Thursday, reaching $61.56. 304,909 shares of the company were exchanged, compared to its average volume of 257,322. International Bancshares has a 12 month low of $53.33 and a 12 month 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 firm has a market capitalization of $3.83 billion, a PE ratio of 9.57 and a beta of 0.80. The stock's fifty day moving average price is $61.87 and its 200 day moving average price is $64.85.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.70 per share. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a yield of 4.55%. The ex-dividend date was Friday, February 14th. International Bancshares's dividend payout ratio is currently 21.31%.

Institutional Investors Weigh In On International Bancshares

Several large investors have recently made changes to their positions in the company. CENTRAL TRUST Co bought a new position in shares of International Bancshares in the first quarter valued at approximately $63,000. GAMMA Investing LLC boosted its stake in International Bancshares by 183.1% in the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock worth $71,000 after purchasing an additional 727 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of International Bancshares in the fourth quarter valued at $88,000. Sterling Capital Management LLC raised its holdings in shares of International Bancshares by 836.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after buying an additional 1,555 shares during the last quarter. Finally, KBC Group NV lifted its position in International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after buying an additional 1,086 shares in the last quarter. Institutional investors 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.