Sei Investments Co. acquired a new position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,430 shares of the bank's stock, valued at approximately $4,448,000. Sei Investments Co. owned approximately 0.11% of International Bancshares as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. KBC Group NV grew 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 worth $165,000 after acquiring an additional 1,086 shares in the last quarter. Centiva Capital LP bought a new position in shares of International Bancshares in the 3rd quarter valued at about $250,000. 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 worth $250,000 after acquiring an additional 427 shares in the last quarter. Dorsey Wright & Associates bought a new position in International Bancshares in the third quarter valued at approximately $257,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of International Bancshares in the 3rd quarter valued at approximately $270,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.
International Bancshares Stock Performance
NASDAQ IBOC traded down $0.25 on Monday, hitting $56.70. 460,353 shares of the stock were exchanged, compared to its average volume of 253,347. The business's fifty day moving average is $64.04 and its 200 day moving average is $65.04. International Bancshares Co. has a 52 week low of $51.80 and a 52 week high of $76.91. The company has a market capitalization of $3.53 billion, a PE ratio of 8.82 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 (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings results 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.70 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a dividend yield of 4.94%. International Bancshares's dividend payout ratio is presently 21.31%.
About International Bancshares
(
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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