International Bancshares Co. (NASDAQ:IBOC) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,798 shares of the bank’s stock after purchasing an additional 3,364 shares during the quarter. Teacher Retirement System of Texas’ holdings in International Bancshares were worth $1,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBOC. Thrivent Financial for Lutherans lifted its stake in shares of International Bancshares by 4.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank’s stock worth $813,000 after acquiring an additional 575 shares during the period. Intech Investment Management LLC lifted its position in International Bancshares by 7.7% in the third quarter. Intech Investment Management LLC now owns 14,238 shares of the bank’s stock worth $851,000 after purchasing an additional 1,018 shares during the period. Citigroup Inc. boosted its stake in International Bancshares by 18.1% during the 3rd quarter. Citigroup Inc. now owns 77,278 shares of the bank’s stock valued at $4,620,000 after purchasing an additional 11,834 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of International Bancshares by 111.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,769 shares of the bank’s stock valued at $1,361,000 after purchasing an additional 12,002 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of International Bancshares by 1.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,251 shares of the bank’s stock worth $7,250,000 after buying an additional 1,395 shares in the last quarter. Institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Up 0.1 %

Shares of IBOC stock opened at $63.81 on Friday. The stock has a 50-day simple moving average of $64.84 and a 200 day simple moving average of $65.03. The stock has a market capitalization of $3.97 billion, a P/E ratio of 9.92 and a beta of 0.88. International Bancshares Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. 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 (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio is currently 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.