Foundry Partners LLC Raises Position in International Bancshares Co. (NASDAQ:IBOC)

Foundry Partners LLC grew its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 170,377 shares of the bank's stock after purchasing an additional 20,909 shares during the period. Foundry Partners LLC owned about 0.27% of International Bancshares worth $10,761,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in International Bancshares by 111.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,769 shares of the bank's stock valued at $1,361,000 after purchasing an additional 12,002 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in International Bancshares by 1.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,251 shares of the bank's stock valued at $7,250,000 after buying an additional 1,395 shares in the last quarter. Centiva Capital LP bought a new position in shares of International Bancshares in the third quarter valued at approximately $250,000. Point72 DIFC Ltd purchased a new position in International Bancshares during the third quarter valued at approximately $270,000. Finally, Quantinno Capital Management LP increased its holdings in International Bancshares by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank's stock worth $327,000 after acquiring an additional 223 shares during the period. Institutional investors own 65.91% of the company's stock.

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International Bancshares Price Performance

NASDAQ:IBOC traded down $0.50 during trading hours on Wednesday, hitting $55.90. The stock had a trading volume of 121,797 shares, compared to its average volume of 253,657. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 8.64 and a beta of 0.80. International Bancshares Co. has a one year low of $51.80 and a one year high of $76.91. The company has a 50 day simple moving average of $63.63 and a two-hundred day simple moving average of $64.94. 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 (NASDAQ:IBOC - Get Free Report) last posted its 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 business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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. This represents a $2.80 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares's 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.