Bailard Inc. Sells 3,400 Shares of International Bancshares Co. (NASDAQ:IBOC)

Bailard Inc. trimmed its position in International Bancshares Co. (NASDAQ:IBOC) by 24.3% during the 4th quarter, HoldingsChannel reports. The firm owned 10,600 shares of the bank’s stock after selling 3,400 shares during the quarter. Bailard Inc.’s holdings in International Bancshares were worth $669,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Creative Planning increased its stake in International Bancshares by 47.9% in the 3rd quarter. Creative Planning now owns 5,200 shares of the bank’s stock worth $311,000 after acquiring an additional 1,684 shares during the last quarter. State of Alaska Department of Revenue increased its position in International Bancshares by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 6,188 shares of the bank’s stock worth $369,000 after purchasing an additional 420 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in International Bancshares by 99.5% in the third quarter. Harbor Capital Advisors Inc. now owns 55,294 shares of the bank’s stock worth $3,306,000 after purchasing an additional 27,573 shares during the last quarter. Versor Investments LP purchased a new stake in International Bancshares during the third quarter valued at $222,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in International Bancshares during the third quarter valued at $202,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Price Performance

International Bancshares stock opened at $65.85 on Tuesday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 10.24 and a beta of 0.93. The firm’s fifty day moving average is $65.28 and its 200 day moving average is $64.93. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 52-week low of $51.80 and a 52-week high of $76.91.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

International Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 14th. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a yield of 4.25%. International Bancshares’s dividend payout ratio is 21.31%.

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.