WBI Investments Inc. purchased a new stake in shares of International Bancshares Corp (NASDAQ:IBOC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 54,818 shares of the bank’s stock, valued at approximately $2,467,000. WBI Investments Inc. owned approximately 0.08% of International Bancshares at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of International Bancshares by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,755,301 shares of the bank’s stock valued at $203,529,000 after buying an additional 71,715 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of International Bancshares during the 2nd quarter valued at approximately $276,000. BlackRock Inc. lifted its stake in shares of International Bancshares by 4.1% during the 2nd quarter. BlackRock Inc. now owns 6,207,064 shares of the bank’s stock valued at $265,662,000 after buying an additional 246,596 shares in the last quarter. SG Americas Securities LLC lifted its stake in International Bancshares by 19.6% in the 2nd quarter. SG Americas Securities LLC now owns 16,390 shares of the bank’s stock worth $701,000 after purchasing an additional 2,689 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in International Bancshares in the 1st quarter worth approximately $210,000. Institutional investors own 58.30% of the company’s stock.
In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 200,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $46.78, for a total value of $9,356,000.00. Following the sale, the director now directly owns 1,865,131 shares in the company, valued at approximately $87,250,828.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.93% of the company’s stock.
NASDAQ IBOC opened at $39.56 on Friday. International Bancshares Corp has a 1 year low of $36.65 and a 1 year high of $47.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 13.53 and a beta of 1.51.
International Bancshares (NASDAQ:IBOC) last posted its earnings results on Tuesday, August 7th. The bank reported $0.79 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 31.78% and a return on equity of 10.38%. The business had revenue of $144.58 million for the quarter.
The company also recently announced a semiannual dividend, which was paid on Tuesday, October 16th. Shareholders of record on Tuesday, October 9th were paid a $0.42 dividend. The ex-dividend date was Friday, October 5th. This is a boost from International Bancshares’s previous semiannual dividend of $0.33. This represents a yield of 1.87%.
Separately, BidaskClub cut shares of International Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th.
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.
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