Barclays PLC Raises Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Barclays PLC lifted its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,951 shares of the bank's stock after purchasing an additional 23,128 shares during the quarter. Barclays PLC owned 0.22% of International Bancshares worth $8,523,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in shares of International Bancshares by 836.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after buying an additional 1,555 shares during the period. KBC Group NV lifted its holdings in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after purchasing an additional 1,086 shares in the last quarter. Monument Capital Management increased its stake in shares of International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after purchasing an additional 427 shares in the last quarter. Cibc World Markets Corp purchased a new position in International Bancshares in the 4th quarter valued at about $320,000. Finally, Blue Trust Inc. boosted its holdings in International Bancshares by 65.1% in the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock worth $343,000 after buying an additional 2,264 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Price Performance

NASDAQ IBOC traded down $0.12 during mid-day trading on Tuesday, hitting $61.17. The stock had a trading volume of 13,950 shares, compared to its average volume of 256,391. International Bancshares Co. has a twelve month low of $53.33 and a twelve month high of $76.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The firm's 50 day moving average is $61.61 and its 200 day moving average is $64.96. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 9.48 and a beta of 0.80.

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

International Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.58%. This is a boost from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. International Bancshares's dividend payout ratio (DPR) is presently 21.31%.

About International Bancshares

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.