Hsbc Holdings PLC Trims Stock Holdings in International Bancshares Corporation $IBOC

Hsbc Holdings PLC lowered its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 78.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,132 shares of the bank’s stock after selling 14,638 shares during the period. Hsbc Holdings PLC’s holdings in International Bancshares were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBOC. Summit Securities Group LLC acquired a new stake in International Bancshares during the first quarter valued at approximately $30,000. CENTRAL TRUST Co acquired a new stake in International Bancshares during the first quarter valued at approximately $63,000. GAMMA Investing LLC raised its stake 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 buying an additional 727 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in International Bancshares during the fourth quarter valued at approximately $88,000. Finally, Bessemer Group Inc. raised its stake 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 buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Up 1.9%

Shares of NASDAQ IBOC opened at $72.42 on Friday. The stock’s 50 day moving average price is $69.79 and its two-hundred day moving average price is $65.09. 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 $4.50 billion, a P/E ratio of 10.94 and a beta of 0.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 earnings per share (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 was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, August 15th. This is an increase from International Bancshares’s previous semi-annual dividend of $0.66. This represents a yield of 200.0%. International Bancshares’s payout ratio is currently 21.15%.

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.