International Bancshares (NASDAQ:IBOC) Sees Unusually-High Trading Volume – Should You Buy?

International Bancshares Corporation (NASDAQ:IBOC) shares saw an uptick in trading volume on Monday . 293,568 shares traded hands during trading, an increase of 18% from the previous session’s volume of 249,652 shares.The stock last traded at $67.34 and had previously closed at $66.38.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of International Bancshares in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

International Bancshares Stock Performance

The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 10.27 and a beta of 0.80. The stock’s 50 day moving average is $69.04 and its 200 day moving average is $67.00. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 EPS for the quarter. International Bancshares had a net margin of 39.51% and a return on equity of 14.37%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of International Bancshares by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 154,667 shares of the bank’s stock worth $9,753,000 after acquiring an additional 1,741 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of International Bancshares by 183.1% during the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock worth $71,000 after acquiring an additional 727 shares in the last quarter. Vident Advisory LLC boosted its position in shares of International Bancshares by 18.9% during the 1st quarter. Vident Advisory LLC now owns 4,624 shares of the bank’s stock worth $292,000 after acquiring an additional 734 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of International Bancshares by 2.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the bank’s stock worth $779,000 after acquiring an additional 300 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in International Bancshares in the first quarter valued at approximately $1,133,000. 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.