First Trust Advisors LP Purchases 255,070 Shares of International Bancshares Co. (NASDAQ:IBOC)

First Trust Advisors LP grew its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 21.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,450,040 shares of the bank's stock after buying an additional 255,070 shares during the period. First Trust Advisors LP owned approximately 2.33% of International Bancshares worth $91,585,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of International Bancshares during the 3rd quarter valued at about $508,000. Barclays PLC lifted its position in International Bancshares by 86.6% in the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after acquiring an additional 51,887 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in International Bancshares by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock worth $10,483,000 after purchasing an additional 24,902 shares in the last quarter. Diversified Trust Co raised its stake in shares of International Bancshares by 11.2% in the 4th quarter. Diversified Trust Co now owns 19,529 shares of the bank's stock valued at $1,233,000 after purchasing an additional 1,974 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of International Bancshares by 4.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 57,741 shares of the bank's stock valued at $3,647,000 after purchasing an additional 2,447 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Stock Down 0.8 %

Shares of NASDAQ:IBOC traded down $0.48 during mid-day trading on Friday, reaching $61.08. 126,453 shares of the stock were exchanged, compared to its average volume of 257,134. The stock's 50 day simple moving average is $61.71 and its 200-day simple moving average is $64.89. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. The company has a market cap of $3.80 billion, a P/E ratio of 9.50 and a beta of 0.80. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.70 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.58%. This is an increase from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's payout ratio is currently 21.31%.

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.