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

International Bancshares Co. (NASDAQ:IBOC) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 628,800 shares, a decline of 11.3% from the November 15th total of 708,600 shares. Based on an average daily volume of 206,900 shares, the short-interest ratio is presently 3.0 days. Currently, 1.1% of the company’s stock are short sold.

International Bancshares Stock Down 0.8 %

Shares of NASDAQ:IBOC traded down $0.52 during trading on Tuesday, hitting $68.63. 79,125 shares of the company were exchanged, compared to its average volume of 221,201. 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 $67.72 and its 200-day moving average price is $62.58. The stock has a market capitalization of $4.27 billion, a P/E ratio of 10.68 and a beta of 0.90. International Bancshares has a 12-month low of $48.85 and a 12-month high of $76.91.

Insider Buying and Selling

In related news, CEO Dennis E. Nixon sold 34,815 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.93% of the company’s stock.

Hedge Funds Weigh In On International Bancshares

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in International Bancshares by 141.0% during the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of International Bancshares in the 2nd quarter valued at $39,000. CWM LLC raised its position in International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after purchasing an additional 2,156 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in International Bancshares during the 3rd quarter worth $202,000. Finally, Versor Investments LP purchased a new position in International Bancshares during the 3rd quarter worth $222,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

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.