Profund Advisors LLC Purchases 606 Shares of International Bancshares Co. (NASDAQ:IBOC)

Profund Advisors LLC grew its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,598 shares of the bank’s stock after purchasing an additional 606 shares during the quarter. Profund Advisors LLC’s holdings in International Bancshares were worth $263,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. State of Michigan Retirement System grew its position in International Bancshares by 2.3% during the first quarter. State of Michigan Retirement System now owns 13,112 shares of the bank’s stock valued at $736,000 after acquiring an additional 300 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of International Bancshares by 141.0% during the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after purchasing an additional 306 shares during the last quarter. Arizona State Retirement System raised its position in International Bancshares by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock worth $896,000 after purchasing an additional 313 shares during the period. Natixis Advisors LLC lifted its stake in International Bancshares by 3.4% in the second quarter. Natixis Advisors LLC now owns 10,509 shares of the bank’s stock worth $601,000 after purchasing an additional 341 shares during the last quarter. Finally, Covestor Ltd boosted its position in International Bancshares by 14.4% during the first quarter. Covestor Ltd now owns 3,369 shares of the bank’s stock valued at $189,000 after buying an additional 424 shares during the period. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Up 0.2 %

IBOC opened at $59.51 on Friday. International Bancshares Co. has a 12 month low of $42.25 and a 12 month high of $69.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $61.86 and its 200-day moving average price is $58.38. The company has a market cap of $3.70 billion, a P/E ratio of 9.06 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $1.56 EPS for the quarter. International Bancshares had a return on equity of 16.66% and a net margin of 39.64%. The business had revenue of $207.75 million for the quarter.

International Bancshares Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a yield of 2.3%. International Bancshares’s dividend payout ratio is currently 20.15%.

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.