Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in International Bancshares Corporation (NASDAQ:IBOC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 17,962 shares of International Bancshares Corporation for about $1.13 million, marking a notable new position in the bank's stock.
• International Bancshares' shares declined by 1.1% to $67.44, with a market cap of $4.19 billion, and a PE ratio of 10.26.
• The bank reported earnings of $1.56 per share and a revenue of $198.22 million for the last quarter, showcasing a net margin of 39.30% and return on equity of 14.84%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in International Bancshares Corporation (NASDAQ:IBOC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,962 shares of the bank's stock, valued at approximately $1,133,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co acquired a new stake in shares of International Bancshares in the first quarter worth $63,000. GAMMA Investing LLC grew its holdings in shares of 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. bought a new stake in shares of International Bancshares in the 4th quarter worth about $88,000. Sterling Capital Management LLC grew its holdings in International Bancshares by 836.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Bessemer Group Inc. grew 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 worth $171,000 after acquiring an additional 222 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Trading Down 0.6%

International Bancshares stock traded down $0.43 during trading hours on Tuesday, reaching $68.77. 39,287 shares of the company's stock traded hands, compared to its average volume of 264,475. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.73 and a current ratio of 0.73. International Bancshares Corporation has a fifty-two week low of $54.11 and a fifty-two week high of $76.91. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 10.47 and a beta of 0.85. The firm's 50 day moving average is $66.62 and its 200-day moving average is $64.38.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%. The company had revenue of $198.22 million during the quarter.

International Bancshares Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.70 dividend. This represents a yield of 200.0%. This is a boost from International Bancshares's previous semi-annual dividend of $0.66. The ex-dividend date of this dividend is Friday, August 15th. International Bancshares's payout ratio is presently 21.31%.

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.