Intech Investment Management LLC Increases Stake in International Bancshares Co. (NASDAQ:IBOC)

Intech Investment Management LLC grew its position in International Bancshares Co. (NASDAQ:IBOC) by 153.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,141 shares of the bank’s stock after acquiring an additional 21,903 shares during the quarter. Intech Investment Management LLC owned about 0.06% of International Bancshares worth $2,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in International Bancshares by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock worth $131,257,000 after buying an additional 81,386 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock valued at $89,216,000 after buying an additional 144,684 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of International Bancshares by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,352,406 shares of the bank’s stock valued at $80,874,000 after buying an additional 9,986 shares in the last quarter. Azora Capital LP boosted its holdings in shares of International Bancshares by 7.2% in the 3rd quarter. Azora Capital LP now owns 905,453 shares of the bank’s stock valued at $54,137,000 after buying an additional 60,573 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in shares of International Bancshares by 0.7% in the 4th quarter. Reinhart Partners LLC. now owns 687,160 shares of the bank’s stock valued at $43,401,000 after buying an additional 5,016 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 0.9 %

NASDAQ:IBOC opened at $62.98 on Friday. International Bancshares Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The stock has a market capitalization of $3.92 billion, a P/E ratio of 9.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The company’s 50-day simple moving average is $64.88 and its 200-day simple moving average is $64.95.

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

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 paid a $0.70 dividend. The ex-dividend date was Friday, February 14th. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a yield of 4.45%. International Bancshares’s dividend payout ratio (DPR) is 21.31%.

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.