Charles Schwab Investment Management Inc. Boosts Stake in International Bancshares Corporation (NASDAQ:IBOC)

Charles Schwab Investment Management Inc. grew its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in International Bancshares during the 1st quarter worth approximately $386,000. Cetera Investment Advisers increased its position in International Bancshares by 9.2% during the 1st quarter. Cetera Investment Advisers now owns 3,665 shares of the bank's stock worth $231,000 after purchasing an additional 308 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in International Bancshares during the 1st quarter worth approximately $1,133,000. Denali Advisors LLC increased its position in International Bancshares by 0.9% during the 1st quarter. Denali Advisors LLC now owns 101,972 shares of the bank's stock worth $6,430,000 after purchasing an additional 956 shares during the period. Finally, Foundry Partners LLC increased its position in International Bancshares by 1.4% during the 1st quarter. Foundry Partners LLC now owns 172,715 shares of the bank's stock worth $10,891,000 after purchasing an additional 2,338 shares during the period. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Stock Performance

NASDAQ IBOC traded down $0.62 on Thursday, hitting $70.24. 151,054 shares of the company's stock were exchanged, compared to its average volume of 262,502. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm's 50-day moving average price is $67.65 and its two-hundred day moving average price is $64.60. International Bancshares Corporation has a fifty-two week low of $54.11 and a fifty-two week high of $76.91. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 10.61 and a beta of 0.85.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results 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 company also recently declared a semi-annual dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.70 per share. This is a positive change from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 200.0%. International Bancshares's dividend payout ratio 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.