International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,056 shares of the bank’s stock after selling 320 shares during the period. Prudential Financial Inc.’s holdings in International Bancshares were worth $1,204,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IBOC. Advantage Alpha Capital Partners LP boosted its stake in shares of International Bancshares by 12.4% during the fourth quarter. Advantage Alpha Capital Partners LP now owns 8,592 shares of the bank’s stock valued at $543,000 after acquiring an additional 945 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of International Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock worth $404,674,000 after buying an additional 18,408 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of International Bancshares in the fourth quarter valued at approximately $720,000. Sei Investments Co. purchased a new position in shares of International Bancshares during the fourth quarter valued at approximately $4,448,000. Finally, American Century Companies Inc. boosted its position in International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after acquiring an additional 636,533 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 1.6 %

IBOC stock opened at $56.95 on Monday. International Bancshares Co. has a one year low of $51.80 and a one year high of $76.91. The stock 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 50 day moving average price of $64.24 and a two-hundred day moving average price of $65.09. 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 released 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.92%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. International Bancshares’s payout ratio is presently 21.31%.

About International Bancshares

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.