Charles Schwab Investment Management Inc. Increases Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Charles Schwab Investment Management Inc. boosted its holdings in International Bancshares Co. (NASDAQ:IBOC) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,078,168 shares of the bank’s stock after purchasing an additional 81,386 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.34% of International Bancshares worth $131,257,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of International Bancshares by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank’s stock valued at $10,483,000 after purchasing an additional 24,902 shares during the last quarter. Foundry Partners LLC purchased a new position in International Bancshares in the 3rd quarter valued at $8,937,000. Stifel Financial Corp acquired a new position in International Bancshares in the 3rd quarter valued at $508,000. Citigroup Inc. increased its stake in International Bancshares by 18.1% in the 3rd quarter. Citigroup Inc. now owns 77,278 shares of the bank’s stock valued at $4,620,000 after buying an additional 11,834 shares during the period. Finally, Barclays PLC raised its position in International Bancshares by 86.6% during the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank’s stock worth $6,686,000 after buying an additional 51,887 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Up 0.4 %

Shares of NASDAQ:IBOC opened at $61.89 on Friday. 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. The firm’s 50-day simple moving average is $65.13 and its 200-day simple moving average is $64.96. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 9.63 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.70 dividend. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a yield of 4.52%. International Bancshares’s dividend 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.