Vanguard Group Inc. Increases Stake in International Bancshares Co. (NASDAQ:IBOC)

Vanguard Group Inc. boosted its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,407,121 shares of the bank's stock after acquiring an additional 18,408 shares during the quarter. Vanguard Group Inc. owned 10.30% of International Bancshares worth $404,674,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in shares of International Bancshares by 4.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank's stock valued at $813,000 after purchasing an additional 575 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in International Bancshares by 111.5% during the third quarter. BNP Paribas Financial Markets now owns 22,769 shares of the bank's stock valued at $1,361,000 after buying an additional 12,002 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in International Bancshares by 1.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,251 shares of the bank's stock valued at $7,250,000 after buying an additional 1,395 shares during the last quarter. Centiva Capital LP bought a new position in International Bancshares in the third quarter worth approximately $250,000. Finally, Point72 DIFC Ltd purchased a new position in shares of International Bancshares during the 3rd quarter worth $270,000. Institutional investors own 65.91% of the company's stock.

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International Bancshares Stock Performance

Shares of NASDAQ:IBOC traded down $0.25 during midday trading on Monday, hitting $56.70. The company had a trading volume of 460,353 shares, compared to its average volume of 253,347. International Bancshares Co. has a 12-month low of $51.80 and a 12-month high of $76.91. The company has a fifty day moving average of $64.04 and a two-hundred day moving average of $65.04. The company has a market cap of $3.53 billion, a price-to-earnings 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 issued 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.94%. This is an increase from International Bancshares's previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. International Bancshares's dividend payout ratio (DPR) is presently 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.