International Bancshares Co. (NASDAQ:IBOC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,373,927 shares of the bank's stock after purchasing an additional 32,145 shares during the period. Vanguard Group Inc. owned approximately 10.27% of International Bancshares worth $276,246,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IBOC. Lazard Asset Management LLC purchased a new stake in shares of International Bancshares during the fourth quarter worth $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of International Bancshares during the third quarter worth $47,000. Quantbot Technologies LP purchased a new stake in shares of International Bancshares during the first quarter worth $50,000. Point72 Hong Kong Ltd purchased a new stake in shares of International Bancshares during the first quarter worth $82,000. Finally, Royal Bank of Canada increased its position in shares of International Bancshares by 326.4% during the third quarter. Royal Bank of Canada now owns 2,452 shares of the bank's stock worth $105,000 after acquiring an additional 1,877 shares during the period. Hedge funds and other institutional investors own 65.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised International Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, January 4th.

Insider Activity at International Bancshares

In related news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $54.22, for a total value of $2,168,800.00. Following the transaction, the director now owns 1,312,245 shares of the company's stock, valued at $71,149,923.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.45% of the stock is currently owned by corporate insiders.

International Bancshares Stock Up 0.5 %

NASDAQ:IBOC traded up $0.30 during trading hours on Friday, hitting $56.14. The company's stock had a trading volume of 373,545 shares, compared to its average volume of 283,864. The stock has a market capitalization of $3.49 billion, a P/E ratio of 8.48 and a beta of 0.93. The stock has a fifty day moving average of $53.36 and a 200-day moving average of $49.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.05. International Bancshares Co. has a 52-week low of $39.10 and a 52-week high of $56.51.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its earnings results on Monday, February 26th. The bank reported $1.71 EPS for the quarter. The firm had revenue of $211.03 million for the quarter. International Bancshares had a return on equity of 18.32% and a net margin of 42.45%.

International Bancshares Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a $0.66 dividend. This represents a yield of 2.5%. The ex-dividend date was Wednesday, February 14th. This is a positive change from International Bancshares's previous semi-annual dividend of $0.63. International Bancshares's dividend payout ratio is 19.94%.

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.