International Bancshares Co. (NASDAQ:IBOC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in International Bancshares Co. (NASDAQ:IBOC) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,802 shares of the bank’s stock after purchasing an additional 66,013 shares during the quarter. American Century Companies Inc. owned about 0.76% of International Bancshares worth $20,203,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IBOC. MetLife Investment Management LLC lifted its holdings in International Bancshares by 40.7% in the first quarter. MetLife Investment Management LLC now owns 63,070 shares of the bank’s stock worth $2,662,000 after purchasing an additional 18,235 shares during the period. Rhumbline Advisers lifted its holdings in International Bancshares by 4.6% in the first quarter. Rhumbline Advisers now owns 181,576 shares of the bank’s stock worth $7,664,000 after purchasing an additional 7,989 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in International Bancshares by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,508 shares of the bank’s stock worth $823,000 after purchasing an additional 1,860 shares during the period. Great West Life Assurance Co. Can lifted its holdings in International Bancshares by 11.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,506 shares of the bank’s stock valued at $1,364,000 after acquiring an additional 3,132 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in International Bancshares by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 28,422 shares of the bank’s stock valued at $1,200,000 after acquiring an additional 465 shares during the last quarter. Institutional investors and hedge funds own 63.92% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $44.91 on Thursday. International Bancshares Co. has a twelve month low of $39.10 and a twelve month high of $53.71. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 7.15 and a beta of 0.98. The firm has a 50-day moving average of $46.25 and a two-hundred day moving average of $44.90.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, August 3rd. The bank reported $1.62 earnings per share for the quarter. International Bancshares had a net margin of 44.20% and a return on equity of 18.73%.

International Bancshares Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, August 10th. This represents a yield of 2.5%. International Bancshares’s payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of International Bancshares in a report on Thursday, August 17th. They issued a “hold” rating for the company.

International Bancshares 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.