21,270 Shares in International Bancshares Co. (NASDAQ:IBOC) Bought by Aviva PLC

Aviva PLC acquired a new position in shares of International Bancshares Co. (NASDAQ:IBOC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,270 shares of the bank’s stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC acquired a new position in International Bancshares during the fourth quarter worth $27,000. US Bancorp DE increased its position in International Bancshares by 113.4% during the first quarter. US Bancorp DE now owns 798 shares of the bank’s stock worth $34,000 after buying an additional 424 shares during the last quarter. Quadrant Capital Group LLC increased its position in International Bancshares by 64.6% during the fourth quarter. Quadrant Capital Group LLC now owns 861 shares of the bank’s stock worth $39,000 after buying an additional 338 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in International Bancshares during the first quarter worth $45,000. Finally, Quantbot Technologies LP acquired a new position in International Bancshares during the first quarter worth $50,000. 63.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

International Bancshares Trading Down 0.6 %

Shares of NASDAQ:IBOC opened at $44.64 on Friday. The company has a market cap of $2.77 billion, a P/E ratio of 7.11 and a beta of 0.99. The stock’s 50-day moving average is $46.45 and its 200-day moving average is $44.88. International Bancshares Co. has a 52-week low of $39.10 and a 52-week high of $53.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.69 and a current ratio of 0.69.

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

International Bancshares Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a dividend of $0.63 per share. This represents a yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 10th. International Bancshares’s dividend payout ratio (DPR) is presently 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.