Cetera Investment Advisers Acquires 308 Shares of International Bancshares Corporation $IBOC

Cetera Investment Advisers boosted its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,665 shares of the bank’s stock after acquiring an additional 308 shares during the period. Cetera Investment Advisers’ holdings in International Bancshares were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in International Bancshares by 26.5% during the fourth quarter. Wells Fargo & Company MN now owns 31,914 shares of the bank’s stock worth $2,016,000 after acquiring an additional 6,682 shares in the last quarter. Envestnet Asset Management Inc. grew its position in International Bancshares by 3.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 23,204 shares of the bank’s stock worth $1,466,000 after buying an additional 667 shares in the last quarter. Renaissance Technologies LLC grew its position in International Bancshares by 25.2% during the fourth quarter. Renaissance Technologies LLC now owns 52,337 shares of the bank’s stock worth $3,306,000 after buying an additional 10,519 shares in the last quarter. Barclays PLC boosted its holdings in shares of International Bancshares by 20.7% in the 4th quarter. Barclays PLC now owns 134,951 shares of the bank’s stock valued at $8,523,000 after purchasing an additional 23,128 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of International Bancshares by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 61,786 shares of the bank’s stock valued at $3,902,000 after purchasing an additional 3,896 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Up 0.6%

Shares of IBOC opened at $68.86 on Friday. International Bancshares Corporation has a 52 week low of $54.11 and a 52 week high of $76.91. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a fifty day moving average of $68.16 and a 200-day moving average of $64.70.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 EPS for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.

International Bancshares Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 200.0%. This is an increase from International Bancshares’s previous semi-annual dividend of $0.66. International Bancshares’s dividend payout ratio is 21.15%.

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.