Aviva PLC acquired a new position in shares of International Bancshares Co. (NASDAQ:IBOC – Free Report) 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 – Get Free Report) 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.
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