Arrowstreet Capital Limited Partnership Cuts Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Arrowstreet Capital Limited Partnership decreased its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 67.6% in the fourth quarter, HoldingsChannel reports. The fund owned 106,725 shares of the bank’s stock after selling 222,684 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in International Bancshares were worth $6,741,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IBOC. KBC Group NV lifted its holdings in shares of International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank’s stock valued at $165,000 after purchasing an additional 1,086 shares during the last quarter. Centiva Capital LP acquired a new stake in International Bancshares in the third quarter worth about $250,000. Monument Capital Management grew its stake in shares of International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after acquiring an additional 427 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of International Bancshares during the third quarter valued at about $257,000. Finally, Point72 DIFC Ltd acquired a new position in shares of International Bancshares during the third quarter valued at about $270,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Trading Down 1.6 %

NASDAQ:IBOC opened at $56.95 on Monday. The company has a market capitalization of $3.54 billion, a P/E ratio of 8.86 and a beta of 0.80. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 12 month low of $51.80 and a 12 month high of $76.91. The firm has a fifty day simple moving average of $64.24 and a 200-day simple moving average of $65.09.

International Bancshares (NASDAQ:IBOC) last issued its quarterly 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.92%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend 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.