Russell Investments Group Ltd. Boosts Stake in International Bancshares Corporation $IBOC

Russell Investments Group Ltd. lifted its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,957 shares of the bank’s stock after purchasing an additional 3,588 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of International Bancshares worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IBOC. CENTRAL TRUST Co purchased a new position in shares of International Bancshares in the first quarter worth $63,000. GAMMA Investing LLC increased its position in International Bancshares by 183.1% during the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock valued at $71,000 after acquiring an additional 727 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in International Bancshares during the fourth quarter valued at $88,000. Bessemer Group Inc. increased its position in International Bancshares by 8.9% during the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank’s stock valued at $171,000 after acquiring an additional 222 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in International Bancshares during the fourth quarter valued at $212,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Up 5.1%

International Bancshares stock opened at $72.36 on Monday. The stock has a market cap of $4.50 billion, a PE ratio of 10.93 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. International Bancshares Corporation has a one year low of $54.11 and a one year high of $76.91. The stock has a fifty day moving average of $68.36 and a 200 day moving average of $64.70.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data 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 company also recently disclosed 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. This represents a yield of 200.0%. This is a boost from International Bancshares’s previous semi-annual dividend of $0.66. The ex-dividend date is Friday, August 15th. International Bancshares’s dividend payout ratio (DPR) is currently 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.