Bailard Inc. Reduces Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Bailard Inc. trimmed its position in International Bancshares Co. (NASDAQ:IBOC) by 24.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,600 shares of the bank’s stock after selling 3,400 shares during the period. Bailard Inc.’s holdings in International Bancshares were worth $669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV boosted its position in International Bancshares by 71.2% in the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after purchasing an additional 1,086 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the 3rd quarter worth $202,000. Versor Investments LP purchased a new position in shares of International Bancshares during the 3rd quarter worth $222,000. Monument Capital Management boosted its stake in shares of International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after acquiring an additional 427 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in shares of International Bancshares during the 3rd quarter worth $250,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Trading Down 1.7 %

Shares of International Bancshares stock opened at $65.85 on Tuesday. The company’s fifty day simple moving average is $65.28 and its 200-day simple moving average is $64.93. The stock has a market capitalization of $4.10 billion, a PE ratio of 10.24 and a beta of 0.93. International Bancshares Co. has a 1-year low of $51.80 and a 1-year high of $76.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

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 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. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. 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 dividend yield of 4.25%. The ex-dividend date was Friday, February 14th. International Bancshares’s payout ratio is presently 21.31%.

International Bancshares Company 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.