NEW YORK ( TheStreet) -- International Bancshares Corporation (Nasdaq: IBOC) hit a new 52-week low Monday as it is currently trading at $12.61, below its previous 52-week low of $12.62 with 279,952 shares traded as of 3:35 p.m. ET. Average volume has been 233,100 shares over the past 30 days. International has a market cap of $934.5 million and is part of the financial sector and banking industry. Shares are down 34.3% year to date as of the close of trading on Friday. International Bancshares Corporation, a banking holding company, provides commercial and retail banking services in south, central, and southeast Texas; and Oklahoma. The company has a P/E ratio of eight, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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