Dimensional Fund Advisors LP Has $228.99 Million Holdings in International Bancshares Co. (NASDAQ:IBOC)

Dimensional Fund Advisors LP decreased its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,625,531 shares of the bank's stock after selling 95,245 shares during the quarter. Dimensional Fund Advisors LP owned 5.83% of International Bancshares worth $228,991,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of International Bancshares by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock worth $10,483,000 after purchasing an additional 24,902 shares during the period. Stifel Financial Corp bought a new position in shares of International Bancshares during the 3rd quarter worth about $508,000. Barclays PLC increased its holdings in shares of International Bancshares by 86.6% during the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after purchasing an additional 51,887 shares during the period. Cibc World Markets Corp bought a new position in shares of International Bancshares during the 4th quarter worth about $320,000. Finally, Vanguard Group Inc. increased its holdings in shares of International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock worth $404,674,000 after purchasing an additional 18,408 shares during the period. Institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

Shares of NASDAQ:IBOC traded down $0.48 on Friday, hitting $61.08. 126,453 shares of the company were exchanged, compared to its average volume of 257,532. The company's 50 day moving average price is $61.71 and its two-hundred day moving average price is $64.97. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 9.50 and a beta of 0.80.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.70 dividend. The ex-dividend date was Friday, February 14th. 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. International Bancshares's payout ratio is presently 21.31%.

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.