Handelsbanken Fonder AB Buys 1,200 Shares of International Bancshares Co. (NASDAQ:IBOC)

Handelsbanken Fonder AB increased its stake in International Bancshares Co. (NASDAQ:IBOC) by 10.1% during the fourth quarter, HoldingsChannel reports. The firm owned 13,102 shares of the bank’s stock after acquiring an additional 1,200 shares during the period. Handelsbanken Fonder AB’s holdings in International Bancshares were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of IBOC. Creative Planning raised its holdings in shares of International Bancshares by 47.9% in the 3rd quarter. Creative Planning now owns 5,200 shares of the bank’s stock worth $311,000 after purchasing an additional 1,684 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of International Bancshares by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the bank’s stock worth $369,000 after purchasing an additional 420 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of International Bancshares by 99.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,294 shares of the bank’s stock worth $3,306,000 after purchasing an additional 27,573 shares during the period. Versor Investments LP bought a new stake in shares of International Bancshares in the 3rd quarter worth approximately $222,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of International Bancshares in the 3rd quarter worth approximately $202,000. Institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Up 1.6 %

International Bancshares stock opened at $67.00 on Friday. International Bancshares Co. has a 1-year low of $50.77 and a 1-year high of $76.91. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 10.42 and a beta of 0.93. 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 firm has a 50 day simple moving average of $65.19 and a 200 day simple moving average of $64.73.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares’s payout ratio is currently 21.77%.

International Bancshares Company 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.