Jones Financial Companies Lllp Raises Stock Position in International Bancshares Corporation $IBOC

Key Points

• Jones Financial Companies Lllp significantly increased its stake in International Bancshares Corporation by 11,885.5%, owning 23,132 shares valued at approximately $1.46 million.
• International Bancshares recently raised its semi-annual dividend to $0.70, representing a 200% yield, up from the previous $0.66.
• The stock is experiencing a slight decline, currently down 1.0% with a market capitalization of $4.39 billion and a price-to-earnings ratio of 10.66.

Jones Financial Companies Lllp increased its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 11,885.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,132 shares of the bank's stock after buying an additional 22,939 shares during the quarter. Jones Financial Companies Lllp's holdings in International Bancshares were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of International Bancshares by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 154,667 shares of the bank's stock valued at $9,753,000 after buying an additional 1,741 shares during the period. GAMMA Investing LLC increased its holdings in International Bancshares by 183.1% in the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock worth $71,000 after acquiring an additional 727 shares in the last quarter. Bessemer Group Inc. increased its holdings in International Bancshares by 8.9% in the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock worth $171,000 after acquiring an additional 222 shares in the last quarter. SG Americas Securities LLC purchased a new stake in International Bancshares in the 1st quarter worth $1,255,000. Finally, Janney Montgomery Scott LLC increased its holdings in International Bancshares by 14.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,091 shares of the bank's stock worth $573,000 after acquiring an additional 1,166 shares in the last quarter. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Price Performance

NASDAQ IBOC traded up $0.35 on Wednesday, hitting $69.20. The company had a trading volume of 136,925 shares, compared to its average volume of 254,661. The company has a market capitalization of $4.30 billion, a PE ratio of 10.46 and a beta of 0.87. The company's fifty day moving average price is $69.98 and its 200-day moving average price is $65.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. International Bancshares Corporation has a 12-month low of $54.11 and a 12-month high of $76.91.

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 business also recently disclosed a semi-annual dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.70 per share. The ex-dividend date was Friday, August 15th. This is a positive change from International Bancshares's previous semi-annual dividend of $0.66. This represents a yield of 200.0%. 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.