Trexquant Investment LP Purchases Shares of 7,416 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 bought a new position in International Bancshares Corporation (NASDAQ:IBOC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,416 shares of the bank's stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in International Bancshares in the 1st quarter worth approximately $30,000. CENTRAL TRUST Co acquired a new stake in International Bancshares in the 1st quarter worth approximately $63,000. GAMMA Investing LLC lifted 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 purchasing an additional 727 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in International Bancshares in the 4th quarter worth approximately $88,000. Finally, Bessemer Group Inc. lifted 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 purchasing an additional 222 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Performance

Shares of IBOC stock traded down $0.69 during trading hours on Friday, reaching $70.60. 122,636 shares of the company's stock were exchanged, compared to its average volume of 194,656. International Bancshares Corporation has a fifty-two week low of $54.11 and a fifty-two week high of $76.91. The stock has a market capitalization of $4.39 billion, a P/E ratio of 10.66 and a beta of 0.87. The business has a fifty day moving average price of $70.01 and a 200-day moving average price of $65.33. 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 (NASDAQ:IBOC - Get Free Report) last issued 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 firm also recently declared a semi-annual dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.70 per share. This represents a dividend yield of 200.0%. This is a boost from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date was Friday, August 15th. International Bancshares's dividend payout ratio is presently 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.