Brandywine Global Investment Management LLC Sells 6,812 Shares of International Bancshares Co. (NASDAQ:IBOC)

Brandywine Global Investment Management LLC trimmed its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,509 shares of the bank's stock after selling 6,812 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.24% of International Bancshares worth $9,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of IBOC. Pictet Asset Management Holding SA grew its holdings in shares of International Bancshares by 19.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,790 shares of the bank's stock worth $492,000 after purchasing an additional 1,284 shares during the last quarter. Norges Bank purchased a new stake in International Bancshares during the 4th quarter valued at $39,913,000. JPMorgan Chase & Co. grew its holdings in International Bancshares by 50.8% in the 4th quarter. JPMorgan Chase & Co. now owns 264,430 shares of the bank's stock worth $16,701,000 after acquiring an additional 89,100 shares during the last quarter. Advantage Alpha Capital Partners LP increased its position in shares of International Bancshares by 12.4% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 8,592 shares of the bank's stock valued at $543,000 after acquiring an additional 945 shares during the period. Finally, 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 valued at $404,674,000 after acquiring an additional 18,408 shares during the period. 65.91% of the stock is owned by hedge funds and other institutional investors.

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International Bancshares Trading Down 1.6 %

Shares of International Bancshares stock traded down $0.93 during trading on Friday, reaching $56.95. 590,964 shares of the stock were exchanged, compared to its average volume of 252,519. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 8.86 and a beta of 0.88. International Bancshares Co. has a 1 year low of $51.80 and a 1 year high of $76.91. The stock's fifty day moving average is $64.24 and its 200 day moving average is $65.07.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data 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. Shareholders of record on Friday, February 14th were given a dividend of $0.70 per share. This is an increase from International Bancshares's previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date 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.