Vanguard Group Inc. Acquires 18,408 Shares of International Bancshares Co. (NASDAQ:IBOC)

Vanguard Group Inc. grew its holdings in International Bancshares Co. (NASDAQ:IBOC) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,407,121 shares of the bank’s stock after acquiring an additional 18,408 shares during the quarter. Vanguard Group Inc. owned 0.10% of International Bancshares worth $404,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new stake in International Bancshares during the fourth quarter worth about $720,000. Sei Investments Co. bought a new stake in shares of International Bancshares in the 4th quarter worth approximately $4,448,000. American Century Companies Inc. grew its holdings in shares of International Bancshares by 57.0% during the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after purchasing an additional 636,533 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of International Bancshares by 14.4% during the fourth quarter. Teacher Retirement System of Texas now owns 26,798 shares of the bank’s stock valued at $1,693,000 after purchasing an additional 3,364 shares during the period. Finally, Xponance Inc. raised its stake in shares of International Bancshares by 5.5% in the fourth quarter. Xponance Inc. now owns 7,635 shares of the bank’s stock valued at $482,000 after purchasing an additional 401 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Up 0.0 %

Shares of IBOC stock opened at $62.59 on Thursday. The stock has a market cap of $3.89 billion, a P/E ratio of 9.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $64.57 and a 200 day moving average price of $65.13. International Bancshares Co. has a one year low of $51.80 and a one year high of $76.91.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.47%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares’s payout ratio is presently 21.31%.

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.