Mutual of America Capital Management LLC Decreases Stake in International Bancshares Co. (NASDAQ:IBOC)

Mutual of America Capital Management LLC cut its stake in International Bancshares Co. (NASDAQ:IBOC) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,984 shares of the bank’s stock after selling 1,711 shares during the period. Mutual of America Capital Management LLC’s holdings in International Bancshares were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of International Bancshares in the fourth quarter worth about $25,038,000. Boston Trust Walden Corp boosted its position in International Bancshares by 77.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank’s stock valued at $55,434,000 after buying an additional 444,674 shares during the last quarter. Wellington Management Group LLP increased its holdings in International Bancshares by 9.4% in the 1st quarter. Wellington Management Group LLP now owns 3,303,161 shares of the bank’s stock worth $139,427,000 after buying an additional 284,432 shares during the period. FMR LLC raised its position in International Bancshares by 12,079.9% during the 1st quarter. FMR LLC now owns 282,573 shares of the bank’s stock worth $12,100,000 after buying an additional 280,253 shares during the last quarter. Finally, State Street Corp lifted its stake in International Bancshares by 12.2% during the 1st quarter. State Street Corp now owns 2,566,311 shares of the bank’s stock valued at $108,324,000 after acquiring an additional 279,303 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Insiders Place Their Bets

In other news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of International Bancshares stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the completion of the transaction, the director now directly owns 1,312,245 shares of the company’s stock, valued at approximately $71,149,923.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 14.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of International Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.

International Bancshares Price Performance

NASDAQ:IBOC opened at $54.42 on Monday. The firm’s fifty day moving average is $53.50 and its two-hundred day moving average is $50.41. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 8.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.70 and a current ratio of 0.70. International Bancshares Co. has a one year low of $39.10 and a one year high of $56.53.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Monday, February 26th. The bank reported $1.71 earnings per share (EPS) for the quarter. The business had revenue of $211.03 million during the quarter. International Bancshares had a return on equity of 18.32% and a net margin of 42.45%.

International Bancshares Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were given a $0.66 dividend. This represents a yield of 2.5%. The ex-dividend date was Wednesday, February 14th. This is a positive change from International Bancshares’s previous semi-annual dividend of $0.63. International Bancshares’s dividend payout ratio is currently 19.94%.

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.