Invesco Ltd. Has $18.27 Million Stake in International Bancshares Corporation $IBOC

Key Points

• Invesco Ltd. reduced its stake in International Bancshares Corporation by 48.1%, holding approximately 0.47% of the company valued at $18.27 million after selling over 268,000 shares.
• International Bancshares announced a new semi-annual dividend of $0.70, an increase from the previous $0.66, indicating strong financial performance with a net margin of 39.51%.
• Shares of International Bancshares are trading at $68.86, with a market cap of $4.28 billion and a price-to-earnings ratio of 10.40, reflecting stable stock performance over the past year.

Invesco Ltd. lessened its holdings in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 48.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,747 shares of the bank's stock after selling 268,118 shares during the quarter. Invesco Ltd. owned approximately 0.47% of International Bancshares worth $18,271,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in International Bancshares by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,141,959 shares of the bank's stock valued at $135,072,000 after buying an additional 63,791 shares during the last quarter. Northern Trust Corp raised its holdings in International Bancshares by 10.4% during the 4th quarter. Northern Trust Corp now owns 844,517 shares of the bank's stock worth $53,340,000 after purchasing an additional 79,814 shares during the last quarter. Reinhart Partners LLC. raised its holdings in International Bancshares by 13.2% during the 1st quarter. Reinhart Partners LLC. now owns 777,713 shares of the bank's stock worth $49,043,000 after purchasing an additional 90,553 shares during the last quarter. Millennium Management LLC raised its holdings in International Bancshares by 1,883.6% during the 4th quarter. Millennium Management LLC now owns 346,185 shares of the bank's stock worth $21,865,000 after purchasing an additional 328,733 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in International Bancshares by 2.2% during the 4th quarter. AQR Capital Management LLC now owns 344,645 shares of the bank's stock worth $21,768,000 after purchasing an additional 7,380 shares during the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Trading Up 0.3%

International Bancshares stock traded up $0.25 during mid-day trading on Wednesday, hitting $72.68. 207,266 shares of the stock were exchanged, compared to its average volume of 225,528. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares Corporation has a 12 month low of $54.11 and a 12 month high of $76.91. The firm's fifty day simple moving average is $68.98 and its two-hundred day simple moving average is $64.84. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 10.98 and a beta of 0.85.

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