Boston Trust Walden Corp Acquires 144,684 Shares of International Bancshares Co. (NASDAQ:IBOC)

Boston Trust Walden Corp grew its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,412,533 shares of the bank's stock after buying an additional 144,684 shares during the period. Boston Trust Walden Corp owned 2.27% of International Bancshares worth $89,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in International Bancshares by 5,673.7% during the 3rd quarter. CWM LLC now owns 2,194 shares of the bank's stock valued at $131,000 after acquiring an additional 2,156 shares in the last quarter. KBC Group NV lifted its stake in shares of International Bancshares by 71.2% in the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after purchasing an additional 1,086 shares during the period. Blue Trust Inc. boosted its position in shares of International Bancshares by 564.8% during the third quarter. Blue Trust Inc. now owns 3,477 shares of the bank's stock valued at $199,000 after purchasing an additional 2,954 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in International Bancshares in the third quarter worth $202,000. Finally, Versor Investments LP bought a new position in International Bancshares in the third quarter worth $222,000. Institutional investors own 65.91% of the company's stock.

Insider Activity

In other news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the sale, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.93% of the company's stock.

International Bancshares Stock Up 0.7 %

Shares of IBOC stock traded up $0.50 during mid-day trading on Thursday, reaching $67.91. 165,440 shares of the company's stock traded hands, compared to its average volume of 294,602. 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's 50-day moving average price is $66.64 and its 200-day moving average price is $64.52. The company has a market cap of $4.22 billion, a P/E ratio of 10.56 and a beta of 0.93. International Bancshares Co. has a 12 month low of $48.85 and a 12 month high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The bank reported $1.60 EPS 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.12%. This is an increase from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 14th. International Bancshares's payout ratio is 20.53%.

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.