International Bancshares Co. (NASDAQ:IBOC) Short Interest Down 6.8% in August

International Bancshares Co. (NASDAQ:IBOC) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,100,000 shares, a drop of 6.8% from the August 15th total of 1,180,000 shares. Based on an average daily trading volume, of 235,500 shares, the short-interest ratio is presently 4.7 days. Currently, 2.0% of the company’s stock are sold short.

International Bancshares Price Performance

Shares of IBOC opened at $63.66 on Friday. The company has a 50 day moving average of $62.26 and a two-hundred day moving average of $58.16. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. International Bancshares has a twelve month low of $41.96 and a twelve month high of $69.87. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 9.72 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, August 1st. The bank reported $1.56 EPS for the quarter. International Bancshares had a return on equity of 16.66% and a net margin of 39.64%. The firm had revenue of $207.75 million during the quarter.

International Bancshares Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $0.66 dividend. This represents a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 14th. International Bancshares’s dividend payout ratio is presently 20.15%.

Hedge Funds Weigh In On International Bancshares

Several hedge funds have recently modified their holdings of IBOC. TFO Wealth Partners LLC boosted its stake in International Bancshares by 13,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock worth $29,000 after purchasing an additional 533 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of International Bancshares during the second quarter valued at $39,000. LRI Investments LLC acquired a new position in shares of International Bancshares in the 1st quarter valued at $117,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in International Bancshares in the 1st quarter worth $151,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

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.