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

International Bancshares Co. (NASDAQ:IBOC) was the recipient of a large decrease in short interest in 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. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 297,400 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of International Bancshares

Several hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp raised its position in shares of International Bancshares by 231.3% during the 4th quarter. Mackenzie Financial Corp now owns 12,747 shares of the bank’s stock valued at $805,000 after buying an additional 8,899 shares in the last quarter. GTS Securities LLC bought a new position in International Bancshares during the 4th quarter valued at about $234,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in International Bancshares by 35.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,687 shares of the bank’s stock valued at $10,338,000 after purchasing an additional 42,436 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in International Bancshares by 120.9% during the 4th quarter. Voloridge Investment Management LLC now owns 81,828 shares of the bank’s stock valued at $5,168,000 after purchasing an additional 44,785 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in International Bancshares during the 4th quarter valued at about $353,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Stock Down 1.1 %

Shares of NASDAQ IBOC opened at $62.45 on Tuesday. The firm’s 50-day moving average price is $64.94 and its 200-day moving average price is $64.98. 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 stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 9.71 and a beta of 0.88. International Bancshares has a 12-month low of $51.80 and a 12-month high of $76.91.

International Bancshares (NASDAQ:IBOC) last announced its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) 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 firm 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. This represents a $2.80 annualized dividend and a dividend yield of 4.48%. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. 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.