Trexquant Investment LP Acquires New Stake in International Bancshares Corporation $IBOC

Key Points

• Trexquant Investment LP acquired a new stake in International Bancshares Corporation, purchasing 7,416 shares for approximately $468,000 during the 1st quarter.
• The company recently increased its semi-annual dividend from $0.66 to $0.70 per share, reflecting a dividend yield of 200.0%.
• International Bancshares reported a net margin of 39.51% and a return on equity of 14.37% in its latest quarterly earnings, with $1.61 earnings per share.

Trexquant Investment LP acquired a new stake in International Bancshares Corporation (NASDAQ:IBOC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,416 shares of the bank's stock, valued at approximately $468,000.

Other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in International Bancshares during the 1st quarter valued at $30,000. CENTRAL TRUST Co bought a new stake in International Bancshares during the 1st quarter valued at $63,000. GAMMA Investing LLC raised its holdings in International Bancshares by 183.1% during the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock valued at $71,000 after acquiring an additional 727 shares during the period. Point72 Asset Management L.P. bought a new stake in International Bancshares during the 4th quarter valued at $88,000. Finally, Bessemer Group Inc. raised its holdings in International Bancshares by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Trading Down 0.2%

Shares of IBOC stock opened at $71.45 on Tuesday. The company's fifty day simple moving average is $69.99 and its two-hundred day simple moving average is $65.17. 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 1 year low of $54.11 and a 1 year high of $76.91. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 10.79 and a beta of 0.87.

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 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. Stockholders of record on Friday, August 15th were paid a dividend of $0.70 per share. This represents a dividend yield of 200.0%. This is an increase from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date of this dividend was Friday, August 15th. International Bancshares's payout ratio is 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.

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