Charles Schwab Investment Management Inc. Raises Stock Holdings in International Bancshares Corporation (NASDAQ:IBOC)

Charles Schwab Investment Management Inc. grew its position in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,141,959 shares of the bank's stock after purchasing an additional 63,791 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.44% of International Bancshares worth $135,072,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBOC. CENTRAL TRUST Co purchased a new stake in shares of International Bancshares in the first quarter worth about $63,000. GAMMA Investing LLC boosted its stake in shares of International Bancshares by 183.1% in the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock worth $71,000 after buying an additional 727 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of International Bancshares in the fourth quarter worth about $88,000. Sterling Capital Management LLC boosted its stake in shares of International Bancshares by 836.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after buying an additional 1,555 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of International Bancshares by 8.9% in the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock worth $171,000 after buying an additional 222 shares during the last quarter. 65.91% of the stock is owned by institutional investors and hedge funds.

International Bancshares Stock Performance

Shares of IBOC traded down $2.11 during mid-day trading on Friday, reaching $68.18. The company had a trading volume of 52,235 shares, compared to its average volume of 261,980. International Bancshares Corporation has a 52-week low of $54.11 and a 52-week high of $76.91. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4.24 billion, a P/E ratio of 10.29 and a beta of 0.85. The stock has a 50 day moving average of $67.79 and a two-hundred day moving average of $64.62.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 earnings per share (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 firm 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 dividend of $0.70 per share. This is an increase from International Bancshares's previous semi-annual dividend of $0.66. This represents a yield of 200.0%. The ex-dividend date is Friday, August 15th. International Bancshares's dividend payout ratio (DPR) is currently 21.15%.

International Bancshares Company 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.