Arrowstreet Capital Limited Partnership lowered its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 67.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,725 shares of the bank's stock after selling 222,684 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.17% of International Bancshares worth $6,741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBOC. Quantinno Capital Management LP lifted its stake in shares of International Bancshares by 4.3% in the third quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank's stock worth $327,000 after acquiring an additional 223 shares in the last quarter. Xponance Inc. increased its holdings in International Bancshares by 5.5% during the 4th quarter. Xponance Inc. now owns 7,635 shares of the bank's stock worth $482,000 after purchasing an additional 401 shares during the last quarter. 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 valued at $250,000 after purchasing an additional 427 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of International Bancshares by 2.6% during the 4th quarter. Edgestream Partners L.P. now owns 18,746 shares of the bank's stock valued at $1,184,000 after buying an additional 469 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of International Bancshares by 11.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,274 shares of the bank's stock worth $396,000 after buying an additional 649 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.
International Bancshares Stock Down 0.9 %
IBOC traded down $0.53 during trading on Friday, hitting $56.46. The company had a trading volume of 286,387 shares, compared to its average volume of 256,198. International Bancshares Co. has a 1-year low of $51.80 and a 1-year high of $76.91. 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 company has a market cap of $3.51 billion, a PE ratio of 8.78 and a beta of 0.80. The business has a 50-day moving average of $63.01 and a 200-day moving average of $64.87.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (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 company also recently announced 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 4.96%. 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 (DPR) is currently 21.31%.
International Bancshares Company Profile
(
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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