International Bancshares Co. (NASDAQ:IBOC) Short Interest Update

International Bancshares Co. (NASDAQ:IBOC) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 865,100 shares, a decrease of 25.4% from the February 13th total of 1,160,000 shares. Based on an average daily trading volume, of 297,400 shares, the short-interest ratio is presently 2.9 days. Currently, 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after purchasing an additional 636,533 shares in the last quarter. Norges Bank purchased a new stake in International Bancshares in the 4th quarter worth $39,913,000. Millennium Management LLC lifted its stake in International Bancshares by 1,883.6% in the 4th quarter. Millennium Management LLC now owns 346,185 shares of the bank’s stock worth $21,865,000 after purchasing an additional 328,733 shares in the last quarter. First Trust Advisors LP lifted its stake in International Bancshares by 21.3% in the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank’s stock worth $91,585,000 after purchasing an additional 255,070 shares in the last quarter. Finally, Foundry Partners LLC purchased a new stake in International Bancshares in the 3rd quarter worth $8,937,000. Institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Down 1.1 %

Shares of International Bancshares stock opened at $62.45 on Tuesday. The company has a market capitalization of $3.89 billion, a P/E ratio of 9.71 and a beta of 0.88. 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 company has a fifty day moving average of $64.94 and a 200 day moving average of $64.98. International Bancshares has a fifty-two week low of $51.80 and a fifty-two week high of $76.91.

International Bancshares (NASDAQ:IBOC) last issued its earnings results 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a yield of 4.48%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio is currently 21.31%.

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.