International Bancshares Co. (NASDAQ:IBOC – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,100,000 shares, a decrease of 6.8% from the August 15th total of 1,180,000 shares. Based on an average daily volume of 235,500 shares, the short-interest ratio is presently 4.7 days. Approximately 2.0% of the shares of the stock are sold short.
Institutional Trading of International Bancshares
Institutional investors and hedge funds have recently made changes to their positions in the stock. TFO Wealth Partners LLC raised 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 valued at $29,000 after purchasing an additional 533 shares during 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 valued at $29,000 after buying an additional 306 shares during the period. Strategic Financial Concepts LLC acquired a new stake in International Bancshares during the second quarter worth approximately $39,000. LRI Investments LLC purchased a new stake in International Bancshares in the 1st quarter worth approximately $117,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in International Bancshares in the 1st quarter valued at $151,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.
International Bancshares Trading Up 1.0 %
NASDAQ:IBOC opened at $62.30 on Wednesday. International Bancshares has a 52-week low of $41.96 and a 52-week high of $69.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $62.12 and a 200-day simple moving average of $58.09. The company has a market capitalization of $3.87 billion, a PE ratio of 9.51 and a beta of 0.88.
International Bancshares Announces Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.66 per share. This represents a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 14th. International Bancshares’s payout ratio is 20.15%.
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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