OLD Mission Capital LLC Makes New $1.18 Million Investment in International Bancshares Co. (NASDAQ:IBOC)

OLD Mission Capital LLC bought a new stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,727 shares of the bank's stock, valued at approximately $1,183,000.

A number of other hedge funds have also made changes to their positions in IBOC. Vanguard Group Inc. boosted its position in International Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock worth $404,674,000 after acquiring an additional 18,408 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of International Bancshares by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank's stock worth $131,257,000 after purchasing an additional 81,386 shares during the last quarter. American Century Companies Inc. grew its position in shares of International Bancshares by 57.0% in the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after purchasing an additional 636,533 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock valued at $89,216,000 after purchasing an additional 144,684 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of International Bancshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,352,406 shares of the bank's stock valued at $80,874,000 after purchasing an additional 9,986 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

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International Bancshares Trading Up 6.9 %

NASDAQ IBOC traded up $3.89 on Wednesday, reaching $60.29. 469,540 shares of the company were exchanged, compared to its average volume of 255,235. International Bancshares Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The stock has a market capitalization of $3.75 billion, a P/E ratio of 9.38 and a beta of 0.80. The business's fifty day moving average price is $63.38 and its 200 day moving average price is $64.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.64%. The ex-dividend date was Friday, February 14th. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. International Bancshares's dividend payout ratio (DPR) is 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.