Deutsche Bank AG Sells 26,114 Shares of 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 shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 37.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IBOC. CENTRAL TRUST Co bought a new position in International Bancshares during the first quarter valued at $63,000. GAMMA Investing LLC lifted its position in International Bancshares by 183.1% during the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock valued at $71,000 after purchasing an additional 727 shares during the last quarter. Point72 Asset Management L.P. bought a new position in International Bancshares during the fourth quarter valued at $88,000. Sterling Capital Management LLC lifted its position in International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in International Bancshares by 8.9% during the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

IBOC stock traded up $3.50 during trading on Friday, hitting $72.36. 473,086 shares of the company's stock traded hands, compared to its average volume of 213,796. International Bancshares Corporation has a 52 week low of $54.11 and a 52 week high of $76.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The business has a fifty day simple moving average of $68.36 and a 200 day simple moving average of $64.74. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 10.93 and a beta of 0.85.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its earnings results on Thursday, August 7th. The bank reported $1.61 earnings per share (EPS) 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 announced a semi-annual dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.70 dividend. This is a boost from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 200.0%. International Bancshares's dividend payout ratio (DPR) 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.