International Bancshares Co. (NASDAQ:IBOC) Sees Large Decrease in Short Interest

International Bancshares Co. (NASDAQ:IBOC) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 517,300 shares, a decrease of 21.4% from the December 31st total of 658,500 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 243,000 shares, the days-to-cover ratio is presently 2.1 days.

International Bancshares Trading Up 0.9 %

IBOC stock traded up $0.57 during trading on Thursday, hitting $67.22. The company had a trading volume of 100,986 shares, compared to its average volume of 223,714. International Bancshares has a 12 month low of $48.85 and a 12 month high of $76.91. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 10.43 and a beta of 0.93. 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 has a 50-day moving average price of $67.34 and a 200-day moving average price of $64.47.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $1.60 earnings per share for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

Insider Buying and Selling

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the sale, the chief executive officer now directly owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.93% of the company’s stock.

Institutional Trading of International Bancshares

Several large investors have recently made changes to their positions in IBOC. Foundry Partners LLC bought a new position in International Bancshares in the third quarter valued at about $8,937,000. Boston Trust Walden Corp lifted its stake in shares of International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock valued at $89,216,000 after purchasing an additional 144,684 shares during the period. Strategic Financial Concepts LLC acquired a new position in International Bancshares in the fourth quarter valued at approximately $3,989,000. Azora Capital LP increased its stake in shares of International Bancshares by 7.2% in the 3rd quarter. Azora Capital LP now owns 905,453 shares of the bank’s stock valued at $54,137,000 after acquiring an additional 60,573 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of International Bancshares by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank’s stock valued at $119,388,000 after acquiring an additional 55,406 shares during the period. 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.