International Bancshares Co. (NASDAQ:IBOC) Sees Significant Drop in Short Interest

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

International Bancshares Stock Down 0.9 %

Shares of IBOC opened at $69.15 on Tuesday. The business’s 50 day simple moving average is $67.50 and its 200-day simple moving average is $62.49. International Bancshares has a one year low of $48.85 and a one year high of $76.91. The company has a market capitalization of $4.30 billion, a P/E ratio of 10.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

Insider Transactions at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction dated Tuesday, November 12th. The shares were 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 $69,667,053.30. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.93% of the stock is currently owned by insiders.

Institutional Trading of International Bancshares

Several large investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. lifted its position in International Bancshares by 3.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock worth $336,000 after buying an additional 208 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of International Bancshares by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock valued at $327,000 after buying an additional 223 shares during the period. Blue Trust Inc. raised its position in shares of International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after acquiring an additional 306 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of International Bancshares by 2.0% during the second quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock valued at $896,000 after acquiring an additional 313 shares during the period. Finally, Hancock Whitney Corp boosted its holdings in International Bancshares by 1.7% in the third quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock valued at $1,137,000 after acquiring an additional 314 shares during the last quarter. Institutional investors 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.