Intech Investment Management LLC Buys 21,903 Shares of International Bancshares Co. (NASDAQ:IBOC)

Intech Investment Management LLC boosted its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 153.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,141 shares of the bank's stock after acquiring an additional 21,903 shares during the quarter. Intech Investment Management LLC owned 0.06% of International Bancshares worth $2,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV increased its position in shares of International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after purchasing an additional 1,086 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of International Bancshares during the third quarter worth approximately $202,000. Centiva Capital LP bought a new position in shares of International Bancshares in the third quarter valued at approximately $250,000. Monument Capital Management boosted its holdings in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after acquiring an additional 427 shares in the last quarter. Finally, Dorsey Wright & Associates acquired a new position in shares of International Bancshares in the 3rd quarter worth approximately $257,000. 65.91% of the stock is owned by institutional investors.

International Bancshares Price Performance

IBOC traded down $0.79 during trading on Tuesday, hitting $64.85. The company's stock had a trading volume of 370,486 shares, compared to its average volume of 235,325. 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 stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.09 and a beta of 0.88. The firm's 50 day moving average price is $64.94 and its two-hundred day moving average price is $65.01. International Bancshares Co. has a 12 month low of $51.80 and a 12 month high of $76.91.

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International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its earnings results 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 announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares's dividend payout ratio is presently 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.