Deutsche Bank AG Has $2.76 Million Holdings in International Bancshares Corporation $IBOC

Key Points

• Deutsche Bank AG reduced its stake in International Bancshares Corporation by 37.4%, owning approximately 0.07% of the company worth $2.76 million as of the latest filing.
• The bank has recently increased its semi-annual dividend to $0.70 from $0.66, representing a dividend yield of 200% and a payout ratio of 21.15%.
• International Bancshares reported earnings of $1.61 per share with a net margin of 39.51% in its last quarterly earnings statement.

Deutsche Bank AG lowered its holdings in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 37.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,757 shares of the bank's stock after selling 26,114 shares during the quarter. Deutsche Bank AG owned 0.07% of International Bancshares worth $2,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in International Bancshares by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the bank's stock valued at $946,000 after acquiring an additional 200 shares during the period. Bessemer Group Inc. increased its stake in International Bancshares by 8.9% in the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after acquiring an additional 222 shares during the period. Hancock Whitney Corp increased its stake in International Bancshares by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 19,293 shares of the bank's stock valued at $1,219,000 after acquiring an additional 281 shares during the period. Cetera Investment Advisers increased its stake in International Bancshares by 9.2% in the first quarter. Cetera Investment Advisers now owns 3,665 shares of the bank's stock valued at $231,000 after acquiring an additional 308 shares during the period. Finally, Quantinno Capital Management LP increased its stake in International Bancshares by 6.1% in the fourth quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank's stock valued at $366,000 after acquiring an additional 331 shares during the period. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

NASDAQ IBOC traded down $0.09 on Monday, reaching $72.27. The company's stock had a trading volume of 162,582 shares, compared to its average volume of 228,942. The firm has a market cap of $4.49 billion, a PE ratio of 10.92 and a beta of 0.85. The business has a 50-day moving average price of $68.57 and a 200 day moving average price of $64.73. International Bancshares Corporation has a 52 week low of $54.11 and a 52 week high of $76.91. 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 (NASDAQ:IBOC - Get Free Report) last posted 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 will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be 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 is Friday, August 15th. International Bancshares's dividend payout ratio (DPR) is presently 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.