International Bancshares Corporation $IBOC Stock Position Cut by Monument Capital Management

Monument Capital Management lessened its stake in International Bancshares Corporation (NASDAQ:IBOC) by 11.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,483 shares of the bank’s stock after selling 472 shares during the period. Monument Capital Management’s holdings in International Bancshares were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBOC. American Century Companies Inc. lifted its holdings in International Bancshares by 37.9% in the 1st quarter. American Century Companies Inc. now owns 2,418,758 shares of the bank’s stock valued at $152,527,000 after acquiring an additional 665,280 shares during the last quarter. Nuveen LLC acquired a new stake in International Bancshares in the 1st quarter valued at about $17,195,000. Azora Capital LP lifted its holdings in International Bancshares by 28.4% in the 1st quarter. Azora Capital LP now owns 947,229 shares of the bank’s stock valued at $59,732,000 after acquiring an additional 209,643 shares during the last quarter. Tamar Securities LLC lifted its holdings in International Bancshares by 18.0% in the 1st quarter. Tamar Securities LLC now owns 718,117 shares of the bank’s stock valued at $45,284,000 after acquiring an additional 109,443 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in International Bancshares by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,141,959 shares of the bank’s stock valued at $135,072,000 after acquiring an additional 63,791 shares during the last quarter. 65.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of International Bancshares in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

International Bancshares Price Performance

IBOC stock opened at $65.75 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares Corporation has a one year low of $54.11 and a one year high of $76.91. The firm has a market capitalization of $4.09 billion, a PE ratio of 9.93 and a beta of 0.80. The firm has a 50-day moving average of $69.82 and a two-hundred day moving average of $66.09.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 EPS for the quarter. International Bancshares had a net margin of 39.51% and a return on equity of 14.37%.

International Bancshares Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.70 dividend. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 200.0%. This is a positive change from International Bancshares’s previous semi-annual dividend of $0.66. International Bancshares’s dividend payout ratio is currently 21.15%.

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.