Principal Financial Group Inc. Buys 3,033 Shares of International Bancshares Co. (NASDAQ:IBOC)

Principal Financial Group Inc. grew its stake in International Bancshares Co. (NASDAQ:IBOC) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 152,926 shares of the bank’s stock after purchasing an additional 3,033 shares during the quarter. Principal Financial Group Inc.’s holdings in International Bancshares were worth $9,659,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KBC Group NV grew its holdings in shares of International Bancshares by 71.2% in the 4th quarter. KBC Group NV now owns 2,612 shares of the bank’s stock valued at $165,000 after acquiring an additional 1,086 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of International Bancshares in the 3rd quarter valued at about $202,000. Versor Investments LP bought a new position in shares of International Bancshares in the 3rd quarter valued at about $222,000. Centiva Capital LP bought a new position in shares of International Bancshares in the 3rd quarter valued at about $250,000. Finally, Monument Capital Management grew its holdings in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after acquiring an additional 427 shares in the last quarter. Institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Up 1.6 %

Shares of NASDAQ:IBOC opened at $67.00 on Friday. International Bancshares Co. has a 52-week low of $50.77 and a 52-week high of $76.91. The company has a market capitalization of $4.17 billion, a P/E ratio of 10.42 and a beta of 0.93. The company has a 50-day simple moving average of $65.19 and a 200 day simple moving average of $64.73. 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 (NASDAQ:IBOC) last issued its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (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 announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.70 dividend. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares’s dividend payout ratio (DPR) is 21.77%.

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.