Hsbc Holdings PLC Has $261,000 Position in International Bancshares Corporation $IBOC

Key Points

• Hsbc Holdings PLC reduced its stake in International Bancshares Corporation by 78.0% during the first quarter, resulting in ownership of only 4,132 shares worth $261,000.
• The company recently increased its semi-annual dividend to $0.70 per share, up from $0.66, representing a dividend yield of 200.0%.
• International Bancshares Corporation reported earnings of $1.61 per share for the last quarter, with a return on equity of 14.37% and a net margin of 39.51%.

Hsbc Holdings PLC lessened its position in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 78.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,132 shares of the bank's stock after selling 14,638 shares during the period. Hsbc Holdings PLC's holdings in International Bancshares were worth $261,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of International Bancshares during the first quarter worth $30,000. CENTRAL TRUST Co bought a new stake in shares of International Bancshares during the first quarter worth $63,000. GAMMA Investing LLC increased its position in shares of International Bancshares by 183.1% during the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock worth $71,000 after acquiring an additional 727 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of International Bancshares during the fourth quarter worth $88,000. Finally, Bessemer Group Inc. increased its position in shares of International Bancshares by 8.9% during the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock worth $171,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Stock Down 0.2%

Shares of IBOC stock traded down $0.13 during trading hours on Monday, hitting $71.45. 169,462 shares of the company were exchanged, compared to its average volume of 258,582. The business has a 50 day moving average of $69.89 and a two-hundred day moving average of $65.12. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares Corporation has a 52 week low of $54.11 and a 52 week high of $76.91. The company has a market capitalization of $4.44 billion, a PE ratio of 10.79 and a beta of 0.87.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released 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 firm also recently announced a semi-annual dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.70 dividend. This represents a yield of 200.0%. This is an increase from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date of this dividend was Friday, August 15th. International Bancshares's payout ratio is 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.