Credit Suisse AG raised its stake in International Bancshares Co. (NASDAQ:IBOC – Free Report) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,782 shares of the bank’s stock after acquiring an additional 3,163 shares during the period. Credit Suisse AG owned 0.11% of International Bancshares worth $2,860,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of International Bancshares by 14.9% during the first quarter. Signaturefd LLC now owns 1,838 shares of the bank’s stock valued at $79,000 after buying an additional 239 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of International Bancshares by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 69,587 shares of the bank’s stock valued at $3,184,000 after buying an additional 324 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of International Bancshares by 64.6% during the fourth quarter. Quadrant Capital Group LLC now owns 861 shares of the bank’s stock valued at $39,000 after buying an additional 338 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of International Bancshares by 2.3% during the fourth quarter. Arizona State Retirement System now owns 15,807 shares of the bank’s stock valued at $723,000 after buying an additional 357 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of International Bancshares by 31.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,585 shares of the bank’s stock valued at $68,000 after buying an additional 377 shares during the last quarter. 63.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on International Bancshares in a report on Thursday, August 17th. They set a “hold” rating on the stock.
International Bancshares Price Performance
Shares of NASDAQ:IBOC opened at $46.33 on Friday. International Bancshares Co. has a 12 month low of $39.10 and a 12 month high of $53.71. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 7.38 and a beta of 0.98. The stock’s 50 day moving average price is $46.33 and its 200 day moving average price is $44.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.69 and a quick ratio of 0.69.
International Bancshares (NASDAQ:IBOC – Get Free Report) last announced its earnings results on Thursday, August 3rd. The bank reported $1.62 EPS for the quarter. International Bancshares had a return on equity of 18.73% and a net margin of 44.20%.
International Bancshares Dividend Announcement
The company also recently announced a Semi-Annual dividend, which was paid on Friday, August 25th. Investors 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 20.06%.
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.
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