Algert Global LLC Purchases 5,637 Shares of International Bancshares Co. (NASDAQ:IBOC)

Algert Global LLC increased its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 5.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,994 shares of the bank’s stock after acquiring an additional 5,637 shares during the period. Algert Global LLC owned about 0.17% of International Bancshares worth $6,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC grew its position in International Bancshares by 45.7% during the 2nd quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock worth $17,983,000 after acquiring an additional 99,164 shares during the last quarter. Profund Advisors LLC lifted its holdings in International Bancshares by 15.2% during the 2nd quarter. Profund Advisors LLC now owns 4,598 shares of the bank’s stock worth $263,000 after buying an additional 606 shares during the period. Hancock Whitney Corp acquired a new position in International Bancshares during the 2nd quarter worth about $1,070,000. Intech Investment Management LLC acquired a new position in International Bancshares during the 2nd quarter worth about $756,000. Finally, Edgestream Partners L.P. acquired a new position in International Bancshares during the 2nd quarter worth about $4,413,000. Institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Up 0.2 %

Shares of IBOC opened at $59.51 on Monday. The company has a market capitalization of $3.70 billion, a PE ratio of 9.09 and a beta of 0.88. International Bancshares Co. has a 12 month low of $42.25 and a 12 month high of $69.87. The stock’s 50-day moving average price is $61.74 and its two-hundred day moving average price is $58.45. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

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

International Bancshares Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $0.66 dividend. This represents a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 14th. International Bancshares’s dividend payout ratio is 20.15%.

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.