Dimensional Fund Advisors LP Cuts Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Dimensional Fund Advisors LP cut its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,625,531 shares of the bank's stock after selling 95,245 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.83% of International Bancshares worth $228,991,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP increased its position in International Bancshares by 21.3% during the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after purchasing an additional 255,070 shares during the period. Barclays PLC boosted its position in International Bancshares by 20.7% during the fourth quarter. Barclays PLC now owns 134,951 shares of the bank's stock valued at $8,523,000 after acquiring an additional 23,128 shares during the last quarter. Sterling Capital Management LLC boosted its position in International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after acquiring an additional 1,555 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of International Bancshares by 25.2% during the 4th quarter. Renaissance Technologies LLC now owns 52,337 shares of the bank's stock valued at $3,306,000 after purchasing an additional 10,519 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in International Bancshares by 12.9% during the fourth quarter. Bank of Montreal Can now owns 10,078 shares of the bank's stock worth $637,000 after purchasing an additional 1,148 shares during the period. Institutional investors own 65.91% of the company's stock.

International Bancshares Trading Down 0.8 %

Shares of International Bancshares stock traded down $0.48 on Friday, reaching $61.08. 126,453 shares of the company's stock were exchanged, compared to its average volume of 256,801. The company has a market capitalization of $3.80 billion, a P/E ratio of 9.50 and a beta of 0.80. International Bancshares Co. has a 52 week low of $53.33 and a 52 week high of $76.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm's 50-day moving average is $61.80 and its two-hundred day moving average is $64.88.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share 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. Investors of record on Friday, February 14th were issued a $0.70 dividend. This is a boost 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 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.