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

International Bancshares Co. (NASDAQ:IBOC) was the recipient of a large growth in short interest in 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. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 284,500 shares, the short-interest ratio is currently 4.1 days.

International Bancshares Price Performance

Shares of IBOC traded up $1.04 during midday trading on Friday, reaching $67.00. The stock had a trading volume of 453,128 shares, compared to its average volume of 287,144. International Bancshares has a 52 week low of $50.77 and a 52 week 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’s 50 day moving average price is $65.25 and its 200-day moving average price is $64.84. The company has a market capitalization of $4.17 billion, a P/E ratio of 10.42 and a beta of 0.93.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 EPS for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

International Bancshares Increases Dividend

The business also recently announced 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. 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.18%. International Bancshares’s payout ratio is 21.77%.

Institutional Investors Weigh In On International Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in shares of International Bancshares during the fourth quarter valued at $88,000. Sterling Capital Management LLC grew its holdings in shares of International Bancshares by 836.0% during 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 in the last quarter. KBC Group NV grew its holdings 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 buying an additional 1,086 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the third quarter valued at $202,000. Finally, Cetera Investment Advisers purchased a new position in shares of International Bancshares during the fourth quarter valued at $212,000. 65.91% of the stock is owned by institutional investors and hedge funds.

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.