Advantage Alpha Capital Partners LP Grows Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Advantage Alpha Capital Partners LP grew its position in International Bancshares Co. (NASDAQ:IBOC) by 12.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,592 shares of the bank’s stock after acquiring an additional 945 shares during the period. Advantage Alpha Capital Partners LP’s holdings in International Bancshares were worth $543,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBOC. KBC Group NV increased its stake in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after purchasing an additional 1,086 shares during the period. Centiva Capital LP acquired a new position in shares of International Bancshares in the third quarter valued at approximately $250,000. Monument Capital Management lifted its holdings in International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after buying an additional 427 shares in the last quarter. Dorsey Wright & Associates purchased a new position in International Bancshares in the 3rd quarter valued at approximately $257,000. Finally, Point72 DIFC Ltd acquired a new position in shares of International Bancshares in the third quarter worth $270,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Up 3.5 %

Shares of NASDAQ IBOC opened at $65.64 on Tuesday. The stock has a market cap of $4.08 billion, a P/E ratio of 10.21 and a beta of 0.88. The business’s fifty day simple moving average is $64.94 and its 200-day simple moving average is $65.01. International Bancshares Co. has a 12-month low of $51.80 and a 12-month high of $76.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.70 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s payout ratio is currently 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.