Vident Advisory LLC Grows Stock Holdings in International Bancshares Corporation $IBOC

Vident Advisory LLC increased its stake in International Bancshares Corporation (NASDAQ:IBOC) by 18.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,624 shares of the bank’s stock after purchasing an additional 734 shares during the quarter. Vident Advisory LLC’s holdings in International Bancshares were worth $292,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IBOC. Schonfeld Strategic Advisors LLC bought a new position in shares of International Bancshares during the 4th quarter valued at $441,000. Balyasny Asset Management L.P. bought a new stake in shares of International Bancshares in the fourth quarter worth $1,916,000. Cetera Investment Advisers purchased a new stake in International Bancshares during the fourth quarter valued at $212,000. Deutsche Bank AG lifted its holdings in International Bancshares by 34.6% in the fourth quarter. Deutsche Bank AG now owns 69,871 shares of the bank’s stock valued at $4,413,000 after acquiring an additional 17,971 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in International Bancshares by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank’s stock valued at $3,428,000 after acquiring an additional 388 shares during the period. Institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Down 0.2%

International Bancshares stock opened at $71.45 on Tuesday. International Bancshares Corporation has a 52-week low of $54.11 and a 52-week high of $76.91. The company has a market cap of $4.44 billion, a P/E ratio of 10.79 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. The business has a 50-day simple moving average of $69.99 and a two-hundred day simple moving average of $65.17.

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

International Bancshares Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.70 dividend. The ex-dividend date was Friday, August 15th. This is a boost from International Bancshares’s previous semi-annual dividend of $0.66. This represents a yield of 200.0%. International Bancshares’s payout ratio is 21.15%.

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.