International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in International Bancshares Co. (NASDAQ:IBOC) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 177,728 shares of the bank’s stock after selling 4,370 shares during the quarter. Alliancebernstein L.P.’s holdings in International Bancshares were worth $11,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Centiva Capital LP acquired a new position in International Bancshares during the third quarter worth about $250,000. Quantinno Capital Management LP raised its position in International Bancshares by 4.3% during the third quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock worth $327,000 after acquiring an additional 223 shares during the last quarter. Stifel Financial Corp acquired a new position in International Bancshares during the third quarter worth about $508,000. Jane Street Group LLC raised its position in International Bancshares by 10.6% during the third quarter. Jane Street Group LLC now owns 71,055 shares of the bank’s stock worth $4,248,000 after acquiring an additional 6,805 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in International Bancshares during the third quarter worth about $583,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Performance

Shares of IBOC opened at $60.29 on Thursday. 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 stock has a market cap of $3.75 billion, a P/E ratio of 9.38 and a beta of 0.80. The company has a 50-day moving average of $63.38 and a two-hundred day moving average of $64.91. International Bancshares Co. has a 12-month low of $51.80 and a 12-month high of $76.91.

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 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Friday, February 14th. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s 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.