International Bancshares Co. (NASDAQ:IBOC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 57.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,753,478 shares of the bank’s stock after acquiring an additional 636,533 shares during the period. American Century Companies Inc.’s holdings in International Bancshares were worth $110,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBOC. Teacher Retirement System of Texas grew its stake in shares of International Bancshares by 14.4% in the 4th quarter. Teacher Retirement System of Texas now owns 26,798 shares of the bank’s stock worth $1,693,000 after purchasing an additional 3,364 shares during the last quarter. Xponance Inc. boosted its holdings in International Bancshares by 5.5% during the fourth quarter. Xponance Inc. now owns 7,635 shares of the bank’s stock worth $482,000 after buying an additional 401 shares in the last quarter. Intech Investment Management LLC grew its position in International Bancshares by 153.8% in the fourth quarter. Intech Investment Management LLC now owns 36,141 shares of the bank’s stock worth $2,283,000 after buying an additional 21,903 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of International Bancshares in the fourth quarter valued at $320,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of International Bancshares by 16.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 38,822 shares of the bank’s stock valued at $2,452,000 after acquiring an additional 5,470 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Performance

Shares of NASDAQ IBOC opened at $63.44 on Monday. The stock’s fifty day simple moving average is $64.90 and its 200 day simple moving average is $64.98. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 9.87 and a beta of 0.88. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 52-week low of $51.80 and a 52-week high of $76.91.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s payout ratio is currently 21.31%.

International Bancshares 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.