Foundry Partners LLC Has $10.76 Million Position in International Bancshares Co. (NASDAQ:IBOC)

Foundry Partners LLC raised its position in International Bancshares Co. (NASDAQ:IBOC) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,377 shares of the bank’s stock after purchasing an additional 20,909 shares during the period. Foundry Partners LLC’s holdings in International Bancshares were worth $10,761,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of IBOC. American Century Companies Inc. increased its position in shares of International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock valued at $110,750,000 after buying an additional 636,533 shares in the last quarter. Norges Bank bought a new stake in shares of International Bancshares in the fourth quarter worth about $39,913,000. Boston Trust Walden Corp raised its position in shares of International Bancshares by 11.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after purchasing an additional 144,684 shares during the period. Denali Advisors LLC lifted its holdings in shares of International Bancshares by 2,051.6% during the 4th quarter. Denali Advisors LLC now owns 101,016 shares of the bank’s stock valued at $6,380,000 after purchasing an additional 96,321 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of International Bancshares by 50.8% during the 4th quarter. JPMorgan Chase & Co. now owns 264,430 shares of the bank’s stock valued at $16,701,000 after purchasing an additional 89,100 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Performance

Shares of IBOC stock opened at $57.88 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a 52 week low of $51.80 and a 52 week high of $76.91. The company’s 50 day moving average price is $64.42 and its two-hundred day moving average price is $65.08. The company has a market capitalization of $3.60 billion, a P/E ratio of 9.00 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Increases Dividend

The company 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 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Friday, February 14th. International Bancshares’s dividend payout ratio is currently 21.31%.

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.