Thrivent Financial for Lutherans boosted its holdings in shares of International Bancshares Corp (NASDAQ:IBOC) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,924 shares of the bank’s stock after buying an additional 864 shares during the quarter. Thrivent Financial for Lutherans’ holdings in International Bancshares were worth $479,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in International Bancshares during the fourth quarter worth $41,000. Tower Research Capital LLC TRC increased its position in International Bancshares by 1,328.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,415 shares of the bank’s stock worth $154,000 after buying an additional 3,176 shares during the last quarter. Jane Street Group LLC acquired a new position in International Bancshares during the third quarter worth $235,000. Meeder Asset Management Inc. increased its position in International Bancshares by 307.1% during the fourth quarter. Meeder Asset Management Inc. now owns 6,103 shares of the bank’s stock worth $210,000 after buying an additional 4,604 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in International Bancshares during the fourth quarter worth $223,000. 60.24% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub raised shares of International Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, April 5th.
International Bancshares stock opened at $40.88 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 12.46 and a beta of 1.35. International Bancshares Corp has a one year low of $32.56 and a one year high of $47.95.
International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Wednesday, February 27th. The bank reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $148.00 million for the quarter. International Bancshares had a return on equity of 11.50% and a net margin of 34.23%.
The firm also recently declared a semiannual dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.50 dividend. This is an increase from International Bancshares’s previous semiannual dividend of $0.42. This represents a dividend yield of 2.5%. The ex-dividend date is Friday, March 29th.
About International Bancshares
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.
Further Reading: Support Level
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