New York State Common Retirement Fund Grows Holdings in International Bancshares Co. (NASDAQ:IBOC)

New York State Common Retirement Fund increased its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 40.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,753 shares of the bank's stock after buying an additional 29,800 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of International Bancshares worth $6,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBOC. 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 in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in International Bancshares in the third quarter valued at approximately $202,000. Versor Investments LP acquired a new position in International Bancshares during the third quarter valued at approximately $222,000. Centiva Capital LP purchased a new stake in International Bancshares during the third quarter worth approximately $250,000. Finally, Monument Capital Management increased its position in shares of International Bancshares by 12.1% in the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Stock Up 1.5 %

Shares of NASDAQ:IBOC traded up $1.01 during midday trading on Friday, hitting $66.97. 177,152 shares of the company's stock traded hands, compared to its average volume of 279,727. The firm's fifty day moving average price is $65.19 and its two-hundred day moving average price is $64.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a twelve month low of $50.77 and a twelve month high of $76.91. The company has a market cap of $4.17 billion, a PE ratio of 10.42 and a beta of 0.93.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued 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 business also recently declared 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 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's dividend payout ratio is currently 21.77%.

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.