International Bancshares Corporation $IBOC Position Boosted by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp increased its position in International Bancshares Corporation by 0.5%, owning approximately 2.26% of the company valued at $93.5 million.
• The company recently increased its semi-annual dividend to $0.70 per share, up from $0.66, reflecting a dividend yield of 200% with a payout ratio of 21.15%.
• Weiss Ratings reaffirmed a "buy (b)" rating for International Bancshares, contributing to a consensus rating of "Buy" from analysts.

Boston Trust Walden Corp raised its position in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,405,068 shares of the bank's stock after purchasing an additional 7,019 shares during the quarter. Boston Trust Walden Corp owned about 2.26% of International Bancshares worth $93,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in International Bancshares during the 1st quarter valued at $30,000. UMB Bank n.a. boosted its stake in International Bancshares by 67.3% during the 2nd quarter. UMB Bank n.a. now owns 629 shares of the bank's stock valued at $42,000 after purchasing an additional 253 shares in the last quarter. CENTRAL TRUST Co bought a new position in International Bancshares during the 1st quarter valued at $63,000. GAMMA Investing LLC boosted 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 purchasing an additional 727 shares in the last quarter. Finally, CWM LLC boosted its stake in International Bancshares by 46.1% during the 2nd quarter. CWM LLC now owns 1,229 shares of the bank's stock valued at $82,000 after purchasing an additional 388 shares in the last quarter. 65.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of International Bancshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

International Bancshares Price Performance

Shares of NASDAQ:IBOC opened at $66.82 on Tuesday. International Bancshares Corporation has a one year low of $54.11 and a one year high of $76.91. The stock has a fifty day moving average of $69.77 and a 200-day moving average of $66.15. The company has a market capitalization of $4.15 billion, a PE ratio of 10.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 EPS 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. Stockholders of record on Friday, August 15th were given 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 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.

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