Barclays PLC Increases Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Barclays PLC grew its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 20.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 134,951 shares of the bank's stock after purchasing an additional 23,128 shares during the period. Barclays PLC owned about 0.22% of International Bancshares worth $8,523,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in International Bancshares by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock worth $10,483,000 after buying an additional 24,902 shares during the period. Stifel Financial Corp purchased a new stake in shares of International Bancshares in the 3rd quarter valued at about $508,000. Cibc World Markets Corp purchased a new position in shares of International Bancshares during the fourth quarter worth about $320,000. Vanguard Group Inc. increased its position in shares of International Bancshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock worth $404,674,000 after purchasing an additional 18,408 shares during the last quarter. Finally, Tamar Securities LLC increased its holdings in shares of International Bancshares by 1.1% in the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank's stock worth $38,444,000 after buying an additional 6,532 shares during the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

NASDAQ IBOC traded down $0.48 during trading hours on Friday, reaching $61.08. 126,453 shares of the stock traded hands, compared to its average volume of 257,532. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 9.50 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a 1 year low of $53.33 and a 1 year high of $76.91. The stock has a 50 day simple moving average of $61.71 and a two-hundred day simple moving average of $64.93.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings results 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares's dividend payout ratio (DPR) is currently 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.