Vest Financial LLC Buys 14,127 Shares of International Bancshares Co. (NASDAQ:IBOC)

Vest Financial LLC lifted its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,398 shares of the bank's stock after purchasing an additional 14,127 shares during the quarter. Vest Financial LLC owned approximately 0.06% of International Bancshares worth $2,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBOC. Charles Schwab Investment Management Inc. lifted its holdings in shares of International Bancshares by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank's stock worth $119,388,000 after acquiring an additional 55,406 shares during the period. Boston Trust Walden Corp grew its position in shares of International Bancshares by 11.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock worth $89,216,000 after buying an additional 144,684 shares during the period. Geode Capital Management LLC grew its holdings in International Bancshares by 0.7% during 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 period. Azora Capital LP grew its holdings in International Bancshares by 7.2% during the third quarter. Azora Capital LP now owns 905,453 shares of the bank's stock valued at $54,137,000 after purchasing an additional 60,573 shares during the period. Finally, Reinhart Partners LLC. grew its holdings in International Bancshares by 0.7% during the fourth quarter. Reinhart Partners LLC. now owns 687,160 shares of the bank's stock valued at $43,401,000 after purchasing an additional 5,016 shares during the period. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Down 3.4 %

IBOC traded down $2.26 during trading on Wednesday, reaching $64.84. The company had a trading volume of 274,721 shares, compared to its average volume of 283,513. The business's fifty day moving average price is $66.18 and its 200 day moving average price is $64.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $4.03 billion, a P/E ratio of 10.08 and a beta of 0.93. International Bancshares Co. has a 12 month low of $48.85 and a 12 month high of $76.91.

International Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.70 per share. This is a positive change from International Bancshares's previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, February 14th. International Bancshares's dividend payout ratio is 20.53%.

International Bancshares Company Profile

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.