American Century Companies Inc. Purchases 636,533 Shares of International Bancshares Co. (NASDAQ:IBOC)

American Century Companies Inc. grew its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,753,478 shares of the bank's stock after buying an additional 636,533 shares during the quarter. American Century Companies Inc. owned approximately 2.82% of International Bancshares worth $110,750,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of 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 in the last quarter. Monument Capital Management raised its holdings in International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after acquiring an additional 427 shares during the period. Centiva Capital LP purchased a new position in shares of International Bancshares in the third quarter valued at about $250,000. Dorsey Wright & Associates bought a new position in shares of International Bancshares in the third quarter worth about $257,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of International Bancshares during the third quarter worth about $270,000. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

NASDAQ IBOC traded up $0.04 during trading hours on Thursday, reaching $63.81. The company's stock had a trading volume of 168,014 shares, compared to its average volume of 236,367. International Bancshares Co. has a 1 year low of $51.80 and a 1 year high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 9.92 and a beta of 0.88. The firm's 50-day moving average price is $64.88 and its 200-day moving average price is $65.04.

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International Bancshares (NASDAQ:IBOC - Get Free Report) last released 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.39%. International Bancshares's dividend payout ratio (DPR) is presently 21.31%.

International Bancshares 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.