XTX Topco Ltd Acquires Shares of 6,116 International Bancshares Corporation (NASDAQ:IBOC)

Key Points

• XTX Topco Ltd acquired 6,116 shares of International Bancshares Corporation (NASDAQ:IBOC), valued at approximately $386,000, during the 1st quarter of the year.
• International Bancshares recently increased its semi-annual dividend from $0.66 to $0.70 per share, representing a yield of 200.0% with a payout ratio of 21.31%.
• The stock of International Bancshares has a market cap of $4.27 billion and has shown a P/E ratio of 10.39, reflecting stable financial performance.

XTX Topco Ltd purchased a new position in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,116 shares of the bank's stock, valued at approximately $386,000.

Other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in shares of International Bancshares by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the bank's stock worth $946,000 after purchasing an additional 200 shares in the last quarter. Bessemer Group Inc. grew its position in shares of International Bancshares by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock worth $171,000 after purchasing an additional 222 shares in the last quarter. Hancock Whitney Corp grew its position in shares of International Bancshares by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 19,293 shares of the bank's stock worth $1,219,000 after purchasing an additional 281 shares in the last quarter. Cetera Investment Advisers grew its position in shares of International Bancshares by 9.2% during the 1st quarter. Cetera Investment Advisers now owns 3,665 shares of the bank's stock worth $231,000 after purchasing an additional 308 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of International Bancshares by 6.1% during the 4th quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank's stock worth $366,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC traded up $0.30 during trading hours on Wednesday, hitting $71.21. 62,068 shares of the stock were exchanged, compared to its average volume of 262,352. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $4.43 billion, a PE ratio of 10.76 and a beta of 0.85. The company's fifty day simple moving average is $67.49 and its two-hundred day simple moving average is $64.55. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its earnings results on Thursday, August 7th. The bank reported $1.61 earnings per share for the quarter. International Bancshares had a net margin of 39.51% and a return on equity of 14.37%.

International Bancshares Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from International Bancshares's previous semi-annual dividend of $0.66. This represents a dividend yield of 200.0%. International Bancshares's payout ratio is currently 21.15%.

International Bancshares 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.