International Bancshares Co. (NASDAQ:IBOC) Position Reduced by AlphaQuest LLC

AlphaQuest LLC cut its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,405 shares of the bank's stock after selling 7,016 shares during the quarter. AlphaQuest LLC's holdings in International Bancshares were worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of International Bancshares during the third quarter valued at $222,000. Oppenheimer Asset Management Inc. acquired a new position in International Bancshares during the 3rd quarter valued at about $202,000. Thrivent Financial for Lutherans raised its position in shares of International Bancshares by 4.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank's stock worth $813,000 after buying an additional 575 shares in the last quarter. Quest Partners LLC lifted its stake in shares of International Bancshares by 18.8% in the 3rd quarter. Quest Partners LLC now owns 13,421 shares of the bank's stock worth $802,000 after acquiring an additional 2,127 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of International Bancshares by 7.7% in the third quarter. Intech Investment Management LLC now owns 14,238 shares of the bank's stock valued at $851,000 after acquiring an additional 1,018 shares in the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC traded down $0.71 during mid-day trading on Monday, reaching $62.45. 501,928 shares of the company traded hands, compared to its average volume of 229,420. The firm has a market cap of $3.89 billion, a PE ratio of 9.71 and a beta of 0.88. 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 Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The stock has a fifty day simple moving average of $64.96 and a 200-day simple moving average of $64.97.

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International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data 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. Investors 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 4.48%. This is a boost from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares's payout ratio is presently 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.