Wells Fargo & Company MN Purchases 6,682 Shares of International Bancshares Co. (NASDAQ:IBOC)

Wells Fargo & Company MN raised its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,914 shares of the bank's stock after buying an additional 6,682 shares during the period. Wells Fargo & Company MN owned about 0.05% of International Bancshares worth $2,016,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IBOC. American Century Companies Inc. grew its position in shares of International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after buying an additional 636,533 shares during the last quarter. Norges Bank bought a new stake in shares of International Bancshares during the 4th quarter valued at about $39,913,000. Boston Trust Walden Corp boosted its position in shares of International Bancshares by 11.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock valued at $89,216,000 after purchasing an additional 144,684 shares in the last quarter. Denali Advisors LLC boosted its position in shares of International Bancshares by 2,051.6% during the 4th quarter. Denali Advisors LLC now owns 101,016 shares of the bank's stock valued at $6,380,000 after purchasing an additional 96,321 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of International Bancshares by 50.8% during the 4th quarter. JPMorgan Chase & Co. now owns 264,430 shares of the bank's stock valued at $16,701,000 after purchasing an additional 89,100 shares in the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Trading Up 0.3 %

Shares of International Bancshares stock traded up $0.21 on Monday, hitting $61.29. 213,023 shares of the company's stock traded hands, compared to its average volume of 257,354. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a fifty day moving average of $61.71 and a two-hundred day moving average of $64.97. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 9.53 and a beta of 0.80.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 4.57%. This is an increase from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. International Bancshares's dividend payout ratio (DPR) 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.