BidaskClub cut shares of International Bancshares (NASDAQ:IBOC) from a hold rating to a sell rating in a report published on Thursday morning.

Shares of IBOC stock traded down $0.28 during trading hours on Thursday, hitting $34.69. 96,800 shares of the company were exchanged, compared to its average volume of 196,825. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.75 and a current ratio of 0.75. International Bancshares has a one year low of $32.56 and a one year high of $47.95. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.51 and a beta of 1.42.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Wednesday, November 7th. The bank reported $0.77 EPS for the quarter. International Bancshares had a net margin of 33.00% and a return on equity of 10.94%.

Several hedge funds have recently modified their holdings of IBOC. BlackRock Inc. lifted its position in shares of International Bancshares by 4.1% during the second quarter. BlackRock Inc. now owns 6,207,064 shares of the bank’s stock worth $265,662,000 after purchasing an additional 246,596 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of International Bancshares by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,381,184 shares of the bank’s stock worth $242,152,000 after purchasing an additional 119,663 shares during the last quarter. Vanguard Group Inc lifted its position in shares of International Bancshares by 2.3% during the third quarter. Vanguard Group Inc now owns 5,381,184 shares of the bank’s stock worth $242,152,000 after purchasing an additional 119,663 shares during the last quarter. Morgan Stanley lifted its position in shares of International Bancshares by 33.0% during the third quarter. Morgan Stanley now owns 311,530 shares of the bank’s stock worth $14,018,000 after purchasing an additional 77,231 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its position in shares of International Bancshares by 6.5% during the third quarter. Polaris Capital Management LLC now owns 1,177,602 shares of the bank’s stock worth $52,992,000 after purchasing an additional 71,997 shares during the last quarter. 59.10% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Company Profile

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

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