International Bancshares Co. (NASDAQ:IBOC) Short Interest Down 21.4% in January

International Bancshares Co. (NASDAQ:IBOC) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 517,300 shares, a decrease of 21.4% from the December 31st total of 658,500 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 243,000 shares, the short-interest ratio is presently 2.1 days.

Insiders Place Their Bets

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.93% of the stock is currently owned by insiders.

Institutional Trading of International Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in shares of International Bancshares by 5,673.7% during the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after buying an additional 2,156 shares during the period. KBC Group NV increased its holdings 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 acquiring an additional 1,086 shares during the period. Blue Trust Inc. lifted its stake in International Bancshares by 564.8% in the 3rd quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock worth $199,000 after purchasing an additional 2,954 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in International Bancshares in the 3rd quarter valued at $202,000. Finally, Versor Investments LP purchased a new position in shares of International Bancshares during the 3rd quarter valued at $222,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

Shares of IBOC stock traded down $1.37 on Friday, hitting $65.89. 1,607,603 shares of the stock were exchanged, compared to its average volume of 207,947. International Bancshares has a one year low of $48.85 and a one year high of $76.91. The firm’s 50 day moving average is $67.10 and its two-hundred day moving average is $64.50. The firm has a market capitalization of $4.10 billion, a PE ratio of 10.25 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC) last posted its earnings results on Thursday, November 7th. The bank reported $1.60 earnings per share for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

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.