Commonwealth Equity Services LLC Increases Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Commonwealth Equity Services LLC raised its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,822 shares of the bank's stock after acquiring an additional 5,470 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of International Bancshares worth $2,452,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in International Bancshares by 4.4% during the third quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank's stock worth $813,000 after buying an additional 575 shares in the last quarter. Intech Investment Management LLC increased its position in shares of International Bancshares by 7.7% in the third quarter. Intech Investment Management LLC now owns 14,238 shares of the bank's stock valued at $851,000 after buying an additional 1,018 shares in the last quarter. Citigroup Inc. increased its holdings in International Bancshares by 18.1% in the 3rd quarter. Citigroup Inc. now owns 77,278 shares of the bank's stock worth $4,620,000 after acquiring an additional 11,834 shares in the last quarter. Hancock Whitney Corp lifted its stake in International Bancshares by 1.7% in the 3rd quarter. Hancock Whitney Corp now owns 19,012 shares of the bank's stock valued at $1,137,000 after buying an additional 314 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP increased its stake in International Bancshares by 6.8% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 7,647 shares of the bank's stock worth $457,000 after buying an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

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International Bancshares Price Performance

Shares of International Bancshares stock traded down $1.09 during trading hours on Friday, reaching $62.72. 109,817 shares of the company's stock were exchanged, compared to its average volume of 249,673. The business has a fifty day moving average of $64.78 and a two-hundred day moving average of $65.12. 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 company has a market capitalization of $3.90 billion, a P/E ratio of 9.75 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.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.70 dividend. This is a boost from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.46%. International Bancshares's dividend payout ratio is 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.