UMB Bank n.a. Purchases 253 Shares of International Bancshares Corporation $IBOC

UMB Bank n.a. boosted its stake in shares of International Bancshares Corporation (NASDAQ:IBOC) by 67.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629 shares of the bank’s stock after purchasing an additional 253 shares during the quarter. UMB Bank n.a.’s holdings in International Bancshares were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IBOC. Summit Securities Group LLC acquired a new position in International Bancshares in the first quarter valued at approximately $30,000. CENTRAL TRUST Co acquired a new stake in shares of International Bancshares in the first quarter valued at approximately $63,000. GAMMA Investing LLC increased its stake in shares of International Bancshares by 183.1% in the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock worth $71,000 after acquiring an additional 727 shares during the last quarter. 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 worth $171,000 after purchasing an additional 222 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of International Bancshares during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Up 1.2%

Shares of NASDAQ:IBOC opened at $70.11 on Friday. International Bancshares Corporation has a 12-month low of $54.11 and a 12-month high of $76.91. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $70.02 and a 200 day moving average price of $65.74. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 10.59 and a beta of 0.87.

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