International Bancshares (NASDAQ:IBOC) Hits New 1-Year High at $56.30

International Bancshares Co. (NASDAQ:IBOC)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $56.30 and last traded at $55.91, with a volume of 6042 shares trading hands. The stock had previously closed at $55.84.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of International Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.

International Bancshares Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average price is $53.21 and its 200-day moving average price is $49.04. The firm has a market capitalization of $3.48 billion, a PE ratio of 8.44 and a beta of 0.93.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Monday, February 26th. The bank reported $1.71 earnings per share for the quarter. International Bancshares had a return on equity of 18.32% and a net margin of 42.45%. The firm had revenue of $211.03 million during the quarter.

International Bancshares Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from International Bancshares’s previous semi-annual dividend of $0.63. This represents a dividend yield of 2.5%. International Bancshares’s dividend payout ratio (DPR) is currently 19.94%.

Insider Buying and Selling at International Bancshares

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $54.22, for a total value of $2,168,800.00. Following the completion of the sale, the director now owns 1,312,245 shares of the company’s stock, valued at $71,149,923.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 14.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in International Bancshares by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 6,378,407 shares of the bank’s stock worth $271,082,000 after purchasing an additional 255,285 shares in the last quarter. Dimensional Fund Advisors LP increased its position in International Bancshares by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,228,382 shares of the bank’s stock worth $178,482,000 after purchasing an additional 54,029 shares in the last quarter. Wellington Management Group LLP grew its holdings in International Bancshares by 9.4% in the 1st quarter. Wellington Management Group LLP now owns 3,303,161 shares of the bank’s stock valued at $139,427,000 after buying an additional 284,432 shares during the period. State Street Corp grew its holdings in International Bancshares by 12.2% in the 1st quarter. State Street Corp now owns 2,566,311 shares of the bank’s stock valued at $108,324,000 after buying an additional 279,303 shares during the period. Finally, North Reef Capital Management LP grew its holdings in International Bancshares by 2.5% in the 3rd quarter. North Reef Capital Management LP now owns 1,650,000 shares of the bank’s stock valued at $71,511,000 after buying an additional 39,938 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

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.