Commonwealth Equity Services LLC Raises Stake in International Bancshares Co. (NASDAQ:IBOC)

Commonwealth Equity Services LLC boosted its holdings in International Bancshares Co. (NASDAQ:IBOC) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,822 shares of the bank’s stock after purchasing an additional 5,470 shares during the quarter. Commonwealth Equity Services LLC’s holdings in International Bancshares were worth $2,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. KBC Group NV increased its position in International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank’s stock valued at $165,000 after buying an additional 1,086 shares in the last quarter. Centiva Capital LP bought a new position in shares of International Bancshares during the third quarter valued at $250,000. Monument Capital Management raised its position in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after purchasing an additional 427 shares during the last quarter. Dorsey Wright & Associates bought a new position in International Bancshares in the 3rd quarter worth about $257,000. Finally, Point72 DIFC Ltd purchased a new stake in International Bancshares during the 3rd quarter valued at about $270,000. Institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 1.7 %

Shares of International Bancshares stock opened at $63.77 on Thursday. The company has a 50-day simple moving average of $64.88 and a two-hundred day simple moving average of $65.04. International Bancshares Co. has a 52-week low of $51.80 and a 52-week high of $76.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $3.97 billion, a PE ratio of 9.92 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.70 dividend. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.39%. International Bancshares’s 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.