AQR Capital Management LLC Has $20.44 Million Position in International Bancshares Corporation $IBOC

Key Points

• AQR Capital Management LLC has decreased its holdings in International Bancshares Corporation by 4.8%, now owning 328,125 shares worth approximately $20.4 million.
• Institutional investors own 65.91% of International Bancshares, with notable increases in holdings from firms like American Century Companies Inc. (up 37.9%) and Azora Capital LP (up 28.4%) during the first quarter.
• International Bancshares increased its semi-annual dividend to $0.70, marking a 200.0% yield, up from the previous amount of $0.66.

AQR Capital Management LLC decreased its stake in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 328,125 shares of the bank's stock after selling 16,520 shares during the quarter. AQR Capital Management LLC owned 0.53% of International Bancshares worth $20,439,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IBOC. Summit Securities Group LLC acquired a new stake in shares of International Bancshares during the 1st quarter valued at about $30,000. CENTRAL TRUST Co acquired a new stake in shares of International Bancshares during the 1st quarter valued at about $63,000. GAMMA Investing LLC boosted its position in shares of International Bancshares by 183.1% during the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock valued at $71,000 after acquiring an additional 727 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of International Bancshares during the 4th quarter valued at about $88,000. Finally, Bessemer Group Inc. boosted 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 valued at $171,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

Shares of International Bancshares stock traded down $0.16 during trading on Friday, hitting $71.13. 40,842 shares of the company's stock traded hands, compared to its average volume of 255,702. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm's fifty day moving average price is $70.03 and its 200 day moving average price is $65.29. International Bancshares Corporation has a twelve month low of $54.11 and a twelve month high of $76.91. The company has a market cap of $4.42 billion, a PE ratio of 10.72 and a beta of 0.87.

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 declared a semi-annual dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.70 dividend. This represents a yield of 200.0%. This is a boost from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date was Friday, August 15th. International Bancshares's dividend payout ratio (DPR) is presently 21.15%.

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.