International Bancshares Co. (NASDAQ:IBOC) Short Interest Down 11.3% in November

International Bancshares Co. (NASDAQ:IBOC) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 628,800 shares, a drop of 11.3% from the November 15th total of 708,600 shares. Based on an average trading 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 0.9 %

IBOC opened at $69.15 on Tuesday. International Bancshares has a twelve month low of $48.85 and a twelve month high of $76.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The business has a 50 day moving average price of $67.50 and a 200 day moving average price of $62.49. The firm has a market cap of $4.30 billion, a P/E ratio of 10.75 and a beta of 0.90.

Insider Buying and Selling

In other news, CEO Dennis E. Nixon sold 34,815 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the sale, the chief executive officer now owns 965,185 shares in the company, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.93% of the stock is owned by corporate insiders.

Institutional Trading of International Bancshares

Several large investors have recently modified their holdings of IBOC. American Century Companies Inc. increased its position in International Bancshares by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 993,128 shares of the bank’s stock worth $56,817,000 after buying an additional 176,334 shares during the period. Foundry Partners LLC acquired a new stake in International Bancshares during the third quarter worth about $8,937,000. AQR Capital Management LLC increased its stake in International Bancshares by 45.7% during the second quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock valued at $17,983,000 after acquiring an additional 99,164 shares during the period. Edgestream Partners L.P. acquired a new position in International Bancshares in the 2nd quarter valued at approximately $4,413,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of International Bancshares in the 2nd quarter worth approximately $39,000. 65.91% of the stock is owned by institutional investors.

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.