International Bancshares Co. (NASDAQ:IBOC) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in International Bancshares Co. (NASDAQ:IBOC) by 26.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,914 shares of the bank’s stock after acquiring an additional 6,682 shares during the period. Wells Fargo & Company MN’s holdings in International Bancshares were worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IBOC. KBC Group NV grew its holdings in International Bancshares by 71.2% in the fourth 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 period. Monument Capital Management grew its stake in shares of International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after buying an additional 427 shares during the period. Cibc World Markets Corp acquired a new stake in shares of International Bancshares during the 4th quarter worth $320,000. Blue Trust Inc. raised its position in shares of International Bancshares by 65.1% in the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank’s stock worth $343,000 after buying an additional 2,264 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of International Bancshares by 11.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,274 shares of the bank’s stock worth $396,000 after buying an additional 649 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Price Performance

IBOC stock opened at $61.08 on Friday. The company has a market cap of $3.80 billion, a PE ratio of 9.50 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. The stock has a 50-day moving average price of $61.71 and a two-hundred day moving average price of $64.89. International Bancshares Co. has a 12-month low of $53.33 and a 12-month high of $76.91.

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 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. Stockholders 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 annualized dividend and a dividend yield of 4.58%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio 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.