Rhumbline Advisers Reduces Stake in International Bancshares Co. (NASDAQ:IBOC)

Rhumbline Advisers cut its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,784 shares of the bank’s stock after selling 551 shares during the period. Rhumbline Advisers owned 0.31% of International Bancshares worth $11,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of IBOC. KBC Group NV increased its stake in International Bancshares by 71.2% in the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after purchasing an additional 1,086 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of International Bancshares in the third quarter worth about $202,000. Versor Investments LP purchased a new position in International Bancshares in the 3rd quarter worth about $222,000. Centiva Capital LP bought a new stake in International Bancshares during the 3rd quarter valued at about $250,000. Finally, Dorsey Wright & Associates bought a new stake in International Bancshares during the 3rd quarter valued at about $257,000. 65.91% of the stock is owned by institutional investors.

International Bancshares Trading Down 2.5 %

Shares of NASDAQ IBOC opened at $64.06 on Monday. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91. The firm has a market cap of $3.98 billion, a PE ratio of 9.96 and a beta of 0.93. The business has a fifty day simple moving average of $65.24 and a two-hundred day simple moving average of $64.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

International Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.70 dividend. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.37%. International Bancshares’s payout ratio is 21.77%.

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.