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

International Bancshares Co. (NASDAQ:IBOC - Get Free Report) saw a significant growth in short interest during 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. Based on an average daily volume of 284,500 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.1% of the shares of the company are sold short.

International Bancshares Stock Performance

NASDAQ:IBOC traded down $0.56 during mid-day trading on Wednesday, hitting $62.82. 281,269 shares of the stock were exchanged, compared to its average volume of 292,366. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm's 50-day simple moving average is $65.26 and its 200 day simple moving average is $64.95. International Bancshares has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.77 and a beta of 0.93.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's dividend payout ratio is presently 21.31%.

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Institutional Investors Weigh In On International Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in International Bancshares during the fourth quarter worth approximately $88,000. Sterling Capital Management LLC grew its holdings in shares of International Bancshares by 836.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after purchasing an additional 1,555 shares in the last quarter. KBC Group NV increased its position in shares of International Bancshares by 71.2% in the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after purchasing an additional 1,086 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of International Bancshares in the third quarter worth $202,000. Finally, Cetera Investment Advisers acquired a new position in International Bancshares in the fourth quarter valued at about $212,000. 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.