International Bancshares Co. (NASDAQ:IBOC) Stake Decreased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. trimmed its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,140 shares of the bank's stock after selling 124,833 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.64% of International Bancshares worth $25,337,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in shares of International Bancshares by 836.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after purchasing an additional 1,555 shares in the last quarter. KBC Group NV increased 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 valued at $165,000 after buying an additional 1,086 shares during the period. Monument Capital Management raised its position in shares of International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after buying an additional 427 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of International Bancshares in the 4th quarter worth approximately $320,000. Finally, Blue Trust Inc. boosted its holdings in shares of International Bancshares by 65.1% in the fourth quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock valued at $343,000 after acquiring an additional 2,264 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Price Performance

Shares of NASDAQ:IBOC opened at $61.08 on Friday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 9.50 and a beta of 0.80. 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 12 month low of $53.33 and a 12 month high of $76.91. The stock's 50 day moving average price is $61.71 and its 200 day moving average price is $64.93.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.58%. This is a boost from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's payout ratio is currently 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.

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