2 weeks Ago By Defense World Staff
Wells Fargo & Company MN increased its holdings in International Bancshares Co. ( NASDAQ:IBOC – Free Report ) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 31,914 shares of the bank’s stock after buying an additional 6,682 shares during the period. Wells Fargo & Company MN owned about 0.05% of International Bancshares worth $2,016,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of International Bancshares by 16.
6% in the third quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank’s stock valued at $10,483,000 after purchasing an additional 24,902 shares in the last quarter.
Stifel Financial Corp purchased a new stake in International Bancshares in the 3rd quarter valued at approximately $508,000. Barclays PLC grew its holdings in International Bancshares by 86.6% during the 3rd quarter.
Barclays PLC now owns 111,823 shares of the bank’s stock valued at $6,686,000 after buying an additional 51,887 shares during the last quarter. Cibc World Markets Corp purchased a new position in International Bancshares during the fourth quarter worth $320,000. Finally, Vanguard Group Inc.
increased its position in 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. 65.91% of the stock is owned by institutional investors and hedge funds.
International Bancshares Stock Down 0.8 % Shares of NASDAQ:IBOC opened at $61.08 on Friday.
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 company has a market capitalization of $3.80 billion, a P/E ratio of 9.
50 and a beta of 0.80. International Bancshares Co.
has a 52-week low of $53.33 and a 52-week high of $76.91.
The stock’s fifty day simple moving average is $61.71 and its 200-day simple moving average is $64.89.
International Bancshares Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.70 dividend.
This is a boost from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.
80 annualized dividend and a yield of 4.58%. The ex-dividend date was Friday, February 14th.
International Bancshares’s payout ratio is presently 21.31%. International Bancshares Company Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than International Bancshares Utilities Stocks Explained – How and Why to Invest in Utilities Short Sellers Gave Up on These 3 Names Recently What is the Shanghai Stock Exchange Composite Index? 3 Boring Stocks Outperforming the Market This Year What Are Treasury Bonds? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for International Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Bancshares and related companies with MarketBeat.com's FREE daily email newsletter .
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