International Bancshares Co. (NASDAQ:IBOC) Stake Increased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 25.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,337 shares of the bank's stock after acquiring an additional 10,519 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of International Bancshares worth $3,306,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of International Bancshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock worth $404,674,000 after buying an additional 18,408 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of International Bancshares by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank's stock worth $131,257,000 after buying an additional 81,386 shares during the last quarter. American Century Companies Inc. lifted its position in shares of International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock worth $110,750,000 after buying an additional 636,533 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock worth $89,216,000 after buying an additional 144,684 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of International Bancshares by 0.7% in the 4th quarter. Reinhart Partners LLC. now owns 687,160 shares of the bank's stock worth $43,401,000 after buying an additional 5,016 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Performance

Shares of International Bancshares stock traded down $0.60 during trading hours on Tuesday, reaching $60.69. The company's stock had a trading volume of 11,494 shares, compared to its average volume of 313,592. The company's 50 day simple moving average is $61.61 and its 200 day simple moving average is $64.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. The stock has a market cap of $3.78 billion, a P/E ratio of 9.44 and a beta of 0.80.

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

International Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Friday, February 14th. This is an increase from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's dividend payout ratio is 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.