International Bancshares Co. (NASDAQ:IBOC) Holdings Trimmed by Signaturefd LLC

Signaturefd LLC reduced its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 18.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,074 shares of the bank’s stock after selling 247 shares during the period. Signaturefd LLC’s holdings in International Bancshares were worth $68,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP lifted its stake in International Bancshares by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock worth $327,000 after acquiring an additional 223 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of International Bancshares by 1.7% in the 3rd quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock valued at $1,137,000 after purchasing an additional 314 shares during the period. Monument Capital Management lifted its position in shares of International Bancshares by 12.1% in the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after purchasing an additional 427 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of International Bancshares by 2.6% during the fourth quarter. Edgestream Partners L.P. now owns 18,746 shares of the bank’s stock worth $1,184,000 after purchasing an additional 469 shares during the period. Finally, Advantage Alpha Capital Partners LP grew its position in International Bancshares by 6.8% during the third quarter. Advantage Alpha Capital Partners LP now owns 7,647 shares of the bank’s stock valued at $457,000 after purchasing an additional 487 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Trading Up 3.5 %

Shares of NASDAQ:IBOC opened at $65.64 on Tuesday. International Bancshares Co. has a 12-month low of $51.80 and a 12-month high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.08 billion, a P/E ratio of 10.21 and a beta of 0.88. The firm has a fifty day moving average of $64.94 and a two-hundred day moving average of $65.01.

International Bancshares (NASDAQ:IBOC) last issued its earnings results on Thursday, February 27th. The bank reported $1.85 EPS 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.27%. 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 dividend payout ratio (DPR) is presently 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.