International Bancshares (NASDAQ:IBOC) Sees Unusually-High Trading Volume

Shares of International Bancshares Co. (NASDAQ:IBOC) saw strong trading volume on Friday . 147,216 shares traded hands during trading, a decline of 35% from the previous session’s volume of 224,987 shares.The stock last traded at $62.78 and had previously closed at $63.66.

International Bancshares Stock Performance

The business’s fifty day moving average is $62.26 and its two-hundred day moving average is $58.16. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.88 billion, a PE ratio of 9.72 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Thursday, August 1st. The bank reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $207.75 million during the quarter. International Bancshares had a net margin of 39.64% and a return on equity of 16.66%.

International Bancshares Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid 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%.

Institutional Investors Weigh In On International Bancshares

Large investors have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC boosted its position in International Bancshares by 13,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock valued at $29,000 after acquiring an additional 533 shares in the last quarter. Blue Trust Inc. grew its stake in International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after purchasing an additional 306 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in International Bancshares in the second quarter worth about $39,000. LRI Investments LLC purchased a new stake in shares of International Bancshares during the first quarter valued at about $117,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of International Bancshares in the 1st quarter valued at about $151,000. 65.91% of the stock is owned by hedge funds and other 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.