International Bancshares (NASDAQ:IBOC) Trading Down 4.1% – Should You Sell?

International Bancshares Co. (NASDAQ:IBOC) shares dropped 4.1% on Monday . The company traded as low as $61.22 and last traded at $60.59. Approximately 34,638 shares were traded during trading, a decline of 85% from the average daily volume of 227,631 shares. The stock had previously closed at $63.16.

International Bancshares Price Performance

The business’s 50 day moving average price is $64.96 and its two-hundred day moving average price is $64.97. The stock has a market cap of $3.82 billion, a P/E ratio of 9.57 and a beta of 0.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC) last announced its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.70 per share. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Friday, February 14th. International Bancshares’s dividend payout ratio (DPR) is 21.31%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IBOC. Versor Investments LP purchased a new position in International Bancshares during the 3rd quarter valued at about $222,000. Oppenheimer Asset Management Inc. purchased a new position in International Bancshares in the third quarter worth about $202,000. Thrivent Financial for Lutherans raised its holdings in International Bancshares by 4.4% in the third quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank’s stock worth $813,000 after buying an additional 575 shares during the last quarter. Quest Partners LLC raised its holdings in International Bancshares by 18.8% in the third quarter. Quest Partners LLC now owns 13,421 shares of the bank’s stock worth $802,000 after buying an additional 2,127 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in International Bancshares by 7.7% in the third quarter. Intech Investment Management LLC now owns 14,238 shares of the bank’s stock worth $851,000 after buying an additional 1,018 shares during the last quarter. 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.