Edgestream Partners L.P. Buys 469 Shares of International Bancshares Co. (NASDAQ:IBOC)

Edgestream Partners L.P. lifted its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,746 shares of the bank’s stock after acquiring an additional 469 shares during the quarter. Edgestream Partners L.P.’s holdings in International Bancshares were worth $1,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,086 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the 3rd quarter valued at $202,000. Versor Investments LP bought a new position in International Bancshares in the 3rd quarter worth $222,000. Monument Capital Management increased its stake in International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after buying an additional 427 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in International Bancshares during the third quarter valued at about $250,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Price Performance

Shares of International Bancshares stock opened at $61.10 on Wednesday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 9.50 and a beta of 0.88. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $65.03 and its 200-day simple moving average is $64.98. International Bancshares Co. has a 52 week low of $51.80 and a 52 week high of $76.91.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share 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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.70 per share. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.58%. International Bancshares’s dividend payout ratio is currently 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.