International Bancshares Co. (NASDAQ:IBOC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.53 and last traded at $55.96, with a volume of 37852 shares traded. The stock had previously closed at $55.93.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded International Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, January 4th.
View Our Latest Research Report on IBOC
International Bancshares Stock Down 0.2 %
The stock has a fifty day moving average price of $53.50 and a two-hundred day moving average price of $49.84. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 8.43 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.05.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The bank reported $1.71 earnings per share for the quarter. International Bancshares had a net margin of 42.45% and a return on equity of 18.32%. The business had revenue of $211.03 million during the quarter.
International Bancshares Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were given a $0.66 dividend. The ex-dividend date was Wednesday, February 14th. This is a boost from International Bancshares's previous semi-annual dividend of $0.63. This represents a dividend yield of 2.5%. International Bancshares's payout ratio is presently 19.94%.
Insider Transactions at International Bancshares
In related news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of International Bancshares stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $54.22, for a total value of $2,168,800.00. Following the transaction, the director now directly owns 1,312,245 shares of the company's stock, valued at $71,149,923.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.45% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC boosted its stake in shares of International Bancshares by 40.7% in the 1st quarter. MetLife Investment Management LLC now owns 63,070 shares of the bank's stock valued at $2,662,000 after purchasing an additional 18,235 shares in the last quarter. Rhumbline Advisers boosted its position in International Bancshares by 4.6% in the first quarter. Rhumbline Advisers now owns 181,576 shares of the bank's stock valued at $7,664,000 after buying an additional 7,989 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of International Bancshares by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,508 shares of the bank's stock worth $823,000 after buying an additional 1,860 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of International Bancshares by 11.0% during the first quarter. Great West Life Assurance Co. Can now owns 31,506 shares of the bank's stock worth $1,364,000 after buying an additional 3,132 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of International Bancshares by 1.7% during the first quarter. Yousif Capital Management LLC now owns 28,422 shares of the bank's stock worth $1,200,000 after buying an additional 465 shares in the last quarter. Institutional investors own 65.91% of the company's stock.
International Bancshares Company Profile
(
Get Free Report)
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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