International Bancshares Corporation $IBOC Shares Bought by Jones Financial Companies Lllp

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 boosted its stake in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 11,885.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,132 shares of the bank's stock after purchasing an additional 22,939 shares during the period. Jones Financial Companies Lllp's holdings in International Bancshares were worth $1,459,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IBOC. Cetera Investment Advisers bought a new position in shares of International Bancshares in the fourth quarter worth about $212,000. Deutsche Bank AG increased its holdings in International Bancshares by 34.6% in the 4th quarter. Deutsche Bank AG now owns 69,871 shares of the bank's stock worth $4,413,000 after acquiring an additional 17,971 shares in the last quarter. Janus Henderson Group PLC raised its stake in International Bancshares by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank's stock worth $3,428,000 after acquiring an additional 388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in International Bancshares by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,786 shares of the bank's stock valued at $1,944,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in International Bancshares by 1,883.6% during the fourth quarter. Millennium Management LLC now owns 346,185 shares of the bank's stock valued at $21,865,000 after purchasing an additional 328,733 shares in the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

Shares of IBOC stock traded up $1.61 on Thursday, hitting $70.95. 231,139 shares of the stock traded hands, compared to its average volume of 192,429. 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 52 week low of $54.11 and a 52 week high of $76.91. The firm has a 50 day simple moving average of $69.98 and a two-hundred day simple moving average of $65.43. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 10.72 and a beta of 0.87.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 earnings per share 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 disclosed a semi-annual dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from International Bancshares's previous semi-annual dividend of $0.66. This represents a yield of 200.0%. International Bancshares's payout ratio 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.