Intech Investment Management LLC boosted its holdings in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 32.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,831 shares of the bank's stock after purchasing an additional 11,690 shares during the quarter. Intech Investment Management LLC owned about 0.08% of International Bancshares worth $3,016,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in International Bancshares in the 1st quarter valued at $30,000. CENTRAL TRUST Co acquired a new stake in International Bancshares in the 1st quarter valued at $63,000. GAMMA Investing LLC lifted its stake in 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. bought a new position in International Bancshares during the 4th quarter valued at $88,000. Finally, Bessemer Group Inc. lifted its stake in 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 and hedge funds own 65.91% of the company's stock.
International Bancshares Price Performance
Shares of NASDAQ:IBOC opened at $70.60 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock's fifty day simple moving average is $70.01 and its two-hundred day simple moving average is $65.32. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91. The stock has a market cap of $4.39 billion, a PE ratio of 10.66 and a beta of 0.87.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 earnings per share for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.
International Bancshares Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.70 per share. This is a boost from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date was Friday, August 15th. This represents a yield of 200.0%. International Bancshares's dividend payout ratio (DPR) is 21.15%.
About International Bancshares
(
Free Report)
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.
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