KLP Kapitalforvaltning AS Takes $720,000 Position in International Bancshares Co. (NASDAQ:IBOC)

KLP Kapitalforvaltning AS bought a new stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,400 shares of the bank's stock, valued at approximately $720,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its position 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 worth $165,000 after purchasing an additional 1,086 shares during the last quarter. Centiva Capital LP acquired a new position in International Bancshares during the third quarter worth $250,000. Monument Capital Management raised its position in International Bancshares by 12.1% during 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. Dorsey Wright & Associates acquired a new stake in International Bancshares in the third quarter valued at $257,000. Finally, Point72 DIFC Ltd bought a new position in shares of International Bancshares in the 3rd quarter valued at about $270,000. Institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

Shares of International Bancshares stock traded down $0.93 during trading on Friday, hitting $56.95. 590,964 shares of the stock were exchanged, compared to its average volume of 252,519. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $64.24 and a 200-day moving average price of $65.09. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.86 and a beta of 0.80. International Bancshares Co. has a 1-year low of $51.80 and a 1-year high of $76.91.

Remove Ads

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share (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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.70 per share. 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. This represents a $2.80 annualized dividend and a yield of 4.92%. International Bancshares's dividend payout ratio (DPR) 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.