Strategic Financial Concepts LLC bought a new position in International Bancshares Co. (NASDAQ:IBOC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 63,160 shares of the bank's stock, valued at approximately $3,989,000. Strategic Financial Concepts LLC owned about 0.10% of International Bancshares as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. CWM LLC grew its holdings in International Bancshares by 5,673.7% during the 3rd quarter. CWM LLC now owns 2,194 shares of the bank's stock valued at $131,000 after buying an additional 2,156 shares in the last quarter. KBC Group NV lifted its position in shares of International Bancshares by 71.2% during the fourth 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. Blue Trust Inc. lifted its position in shares of International Bancshares by 564.8% during the third quarter. Blue Trust Inc. now owns 3,477 shares of the bank's stock worth $199,000 after purchasing an additional 2,954 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of International Bancshares during the third quarter worth $202,000. Finally, Versor Investments LP purchased a new position in shares of International Bancshares during the third quarter valued at $222,000. 65.91% of the stock is currently owned by institutional investors.
International Bancshares Stock Up 0.3 %
Shares of International Bancshares stock traded up $0.22 during trading on Thursday, hitting $65.06. 285,598 shares of the stock traded hands, compared to its average volume of 283,586. The stock's fifty day simple moving average is $66.03 and its 200 day simple moving average is $64.47. International Bancshares Co. has a 52-week low of $48.85 and a 52-week high of $76.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.05 billion, a P/E ratio of 10.12 and a beta of 0.93.
International Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be 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 is Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.30%. International Bancshares's payout ratio is 21.77%.
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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