Charles Schwab Investment Management Inc. Has $131.26 Million Stake in International Bancshares Co. (NASDAQ:IBOC)

Charles Schwab Investment Management Inc. lifted its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,078,168 shares of the bank's stock after buying an additional 81,386 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.34% of International Bancshares worth $131,257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. KBC Group NV grew its position in shares of International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after acquiring an additional 1,086 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in International Bancshares during the 3rd quarter valued at about $202,000. Versor Investments LP bought a new position in International Bancshares in the 3rd quarter worth about $222,000. Monument Capital Management increased its stake in shares of International Bancshares by 12.1% in the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after purchasing an additional 427 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of International Bancshares during the third quarter valued at approximately $250,000. 65.91% of the stock is owned by institutional investors and hedge funds.

International Bancshares Stock Performance

IBOC stock traded up $0.45 on Wednesday, reaching $61.55. The company's stock had a trading volume of 200,101 shares, compared to its average volume of 293,034. The firm has a fifty day moving average of $65.03 and a two-hundred day moving average of $64.98. 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 capitalization of $3.83 billion, a P/E ratio of 9.59 and a beta of 0.88. International Bancshares Co. has a 52 week low of $51.80 and a 52 week high of $76.91.

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International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $1.85 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a yield of 4.55%. This is a boost 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

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.