Y Intercept Hong Kong Ltd grew its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 41.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,818 shares of the bank's stock after purchasing an additional 4,062 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in International Bancshares were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. KBC Group NV raised its stake in 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 acquiring 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 about $202,000. Versor Investments LP purchased a new stake in shares of International Bancshares in the 3rd quarter valued at about $222,000. Centiva Capital LP acquired a new stake in shares of International Bancshares in the 3rd quarter valued at about $250,000. Finally, Monument Capital Management boosted its position 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 valued at $250,000 after purchasing an additional 427 shares during the period. Hedge funds and other institutional investors own 65.91% of the company's stock.
International Bancshares Stock Performance
IBOC traded down $1.14 during trading on Monday, hitting $65.86. 286,619 shares of the stock were exchanged, compared to its average volume of 284,404. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 1-year low of $51.80 and a 1-year high of $76.91. The stock has a fifty day moving average price of $65.25 and a two-hundred day moving average price of $64.89. The firm has a market capitalization of $4.10 billion, a P/E ratio of 10.24 and a beta of 0.93.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its earnings results on Thursday, February 27th. The bank reported $1.85 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. This is a boost from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. International Bancshares's dividend payout ratio is presently 21.31%.
About International Bancshares
(
Free Report)
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.
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