International Bancshares Co. (NASDAQ:IBOC - Get Free Report) dropped 4.1% during mid-day trading on Monday . The company traded as low as $61.22 and last traded at $60.59. Approximately 34,638 shares traded hands during trading, a decline of 85% from the average daily volume of 227,631 shares. The stock had previously closed at $63.16.
International Bancshares Stock Up 0.7 %
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 stock has a 50-day simple moving average of $64.88 and a 200-day simple moving average of $64.95. The firm has a market capitalization of $3.95 billion, a PE ratio of 9.87 and a beta of 0.88.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.41%. This is an increase from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares's dividend payout ratio (DPR) is presently 21.31%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the third quarter worth about $202,000. Thrivent Financial for Lutherans increased its holdings in shares of International Bancshares by 4.4% in the third quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank's stock worth $813,000 after buying an additional 575 shares during the period. 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 valued at $802,000 after acquiring an additional 2,127 shares during the last quarter. Intech Investment Management LLC boosted its holdings in International Bancshares by 7.7% during the 3rd 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 during the period. Finally, Foundry Partners LLC bought a new position in International Bancshares during the 3rd quarter worth approximately $8,937,000. Institutional investors own 65.91% of the company's stock.
International Bancshares Company Profile
(
Get 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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