Short Interest in International Bancshares Co. (NASDAQ:IBOC) Increases By 59.5%

International Bancshares Co. (NASDAQ:IBOC) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,160,000 shares, an increase of 59.5% from the January 31st total of 727,500 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 284,500 shares, the short-interest ratio is presently 4.1 days.

International Bancshares Stock Up 1.6 %

NASDAQ:IBOC traded up $1.04 on Friday, reaching $67.00. The stock had a trading volume of 453,128 shares, compared to its average volume of 287,144. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $65.25 and a 200 day moving average of $64.84. The stock has a market cap of $4.17 billion, a P/E ratio of 10.42 and a beta of 0.93. International Bancshares has a 12-month low of $50.77 and a 12-month high of $76.91.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. International Bancshares’s dividend payout ratio (DPR) is presently 21.77%.

Hedge Funds Weigh In On International Bancshares

A number of large investors have recently bought and sold shares of the business. Quantinno Capital Management LP lifted its holdings in International Bancshares by 4.3% in the third quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock worth $327,000 after acquiring an additional 223 shares during the last quarter. Hancock Whitney Corp lifted its holdings in International Bancshares by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 19,293 shares of the bank’s stock worth $1,219,000 after acquiring an additional 281 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in International Bancshares by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank’s stock worth $3,428,000 after acquiring an additional 388 shares during the last quarter. Xponance Inc. lifted its holdings in International Bancshares by 5.5% in the fourth quarter. Xponance Inc. now owns 7,635 shares of the bank’s stock worth $482,000 after acquiring an additional 401 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in International Bancshares by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 6,188 shares of the bank’s stock worth $369,000 after acquiring an additional 420 shares during 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.