Deutsche Bank AG acquired a new position in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 57,497 shares of the bank's stock, valued at approximately $4,367,000. Deutsche Bank AG owned about 0.09% of International Bancshares at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in International Bancshares by 4,020.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 412 shares of the bank's stock valued at $27,000 after buying an additional 402 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of International Bancshares by 82.5% during the fourth quarter. Hantz Financial Services Inc. now owns 489 shares of the bank's stock valued at $32,000 after acquiring an additional 221 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of International Bancshares by 82.0% in the 4th quarter. Quadrant Capital Group LLC now owns 515 shares of the bank's stock valued at $34,000 after acquiring an additional 232 shares during the period. Versant Capital Management Inc raised its stake in shares of International Bancshares by 35.8% in the 2nd quarter. Versant Capital Management Inc now owns 596 shares of the bank's stock valued at $45,000 after acquiring an additional 157 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of International Bancshares in the 4th quarter valued at approximately $47,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.
International Bancshares Price Performance
IBOC stock opened at $70.81 on Wednesday. The business's fifty day moving average price is $75.01 and its 200 day moving average price is $72.29. International Bancshares Corporation has a 12-month low of $63.19 and a 12-month high of $78.46. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.40 billion, a PE ratio of 10.68 and a beta of 0.69.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its earnings results on Thursday, August 6th. The bank reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.07). The firm had revenue of $214.82 million for the quarter, compared to analysts' expectations of $264.13 million. International Bancshares had a net margin of 38.83% and a return on equity of 12.67%.
International Bancshares Dividend Announcement
The firm also recently declared a dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a dividend yield of 199.0%. The ex-dividend date of this dividend is Friday, August 14th. International Bancshares's dividend payout ratio is currently 22.02%.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of International Bancshares from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $85.00.
View Our Latest Report on IBOC
About International Bancshares
(
Free Report)
International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.
The company's offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.
Further Reading
Want to see what other hedge funds are holding IBOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Bancshares Corporation (NASDAQ:IBOC - Free Report).
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