International Bancshares Co. (NASDAQ:IBOC) Stake Cut by Invesco Ltd.

Invesco Ltd. lowered its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 35.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 557,865 shares of the bank's stock after selling 302,259 shares during the quarter. Invesco Ltd. owned 0.90% of International Bancshares worth $35,235,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IBOC. KBC Group NV lifted its holdings in 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 acquiring an additional 1,086 shares during the last quarter. Monument Capital Management lifted its stake 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 purchasing an additional 427 shares during the last quarter. Cibc World Markets Corp bought a new stake in International Bancshares during the fourth quarter worth approximately $320,000. Blue Trust Inc. increased 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 buying an additional 2,264 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of International Bancshares by 11.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,274 shares of the bank's stock valued at $396,000 after buying an additional 649 shares in the last quarter. Institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

Shares of IBOC traded up $1.54 during trading hours on Tuesday, hitting $60.23. 315,994 shares of the company were exchanged, compared to its average volume of 256,551. The firm has a fifty day simple moving average of $61.94 and a 200-day simple moving average of $64.88. The company has a market capitalization of $3.75 billion, a PE ratio of 9.37 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 one year low of $53.33 and a one year high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued 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. Investors of record on Friday, February 14th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's dividend payout ratio is 21.31%.

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.