International Bancshares Co. (NASDAQ:IBOC) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 41.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,818 shares of the bank’s stock after purchasing an additional 4,062 shares during the period. Y Intercept Hong Kong Ltd’s holdings in International Bancshares were worth $873,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV increased its position in shares of International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after acquiring an additional 1,086 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of International Bancshares during the third quarter worth $202,000. Versor Investments LP purchased a new stake in shares of International Bancshares during the third quarter worth $222,000. Centiva Capital LP purchased a new stake in shares of International Bancshares during the third quarter worth $250,000. Finally, Monument Capital Management increased its position in shares of International Bancshares by 12.1% during the fourth 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 period. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Up 0.8 %

International Bancshares stock opened at $65.96 on Friday. International Bancshares Co. has a twelve month low of $50.77 and a twelve month high of $76.91. The stock’s fifty day simple moving average is $65.13 and its 200-day simple moving average is $64.72. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.10 billion, a P/E ratio of 10.26 and a beta of 0.93.

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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, February 14th. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio is 21.77%.

About International Bancshares

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.