International Bancshares Co. (NASDAQ:IBOC – Get Free Report) shares dropped 4.1% on Monday . The stock traded as low as $61.22 and last traded at $60.59. Approximately 34,638 shares were traded during trading, a decline of 85% from the average daily volume of 227,631 shares. The stock had previously closed at $63.16.
International Bancshares Price Performance
The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $64.96 and its two-hundred day moving average price is $64.97. The stock has a market capitalization of $3.82 billion, a PE ratio of 9.57 and a beta of 0.88.
International Bancshares (NASDAQ:IBOC – Get Free Report) last released its quarterly earnings data 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
Institutional Trading of International Bancshares
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in International Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock valued at $404,674,000 after buying an additional 18,408 shares during the period. Charles Schwab Investment Management Inc. grew its position in International Bancshares by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock valued at $131,257,000 after buying an additional 81,386 shares during the period. American Century Companies Inc. boosted its position in shares of International Bancshares by 57.0% in the fourth 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 during the period. First Trust Advisors LP boosted its position in shares of International Bancshares by 21.3% in the fourth 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 during the period. Finally, Boston Trust Walden Corp boosted its position in shares of International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after purchasing an additional 144,684 shares during the period. 65.91% of the stock is currently owned by institutional investors.
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.
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