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

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

Insider Activity at International Bancshares

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

Institutional Trading of International Bancshares

Large investors have recently modified their holdings of the business. CWM LLC grew its holdings in shares of International Bancshares by 5,673.7% during the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after acquiring an additional 2,156 shares during the period. KBC Group NV boosted its position in shares of International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,086 shares in the last quarter. Blue Trust Inc. grew its stake in International Bancshares by 564.8% in the third quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock worth $199,000 after purchasing an additional 2,954 shares during the period. Oppenheimer Asset Management Inc. bought a new position in International Bancshares in the third quarter worth $202,000. Finally, Versor Investments LP purchased a new position in International Bancshares during the third quarter valued at $222,000. 65.91% of the stock is owned by institutional investors.

International Bancshares Trading Down 2.0 %

Shares of IBOC traded down $1.37 during trading hours on Friday, hitting $65.89. The company had a trading volume of 1,607,603 shares, compared to its average volume of 207,947. The firm has a market cap of $4.10 billion, a P/E ratio of 10.25 and a beta of 0.93. International Bancshares has a 52-week low of $48.85 and a 52-week high of $76.91. The stock’s 50 day moving average price is $67.10 and its 200 day moving average price is $64.50. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

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

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.