Hennion & Walsh Asset Management Inc. Increases Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Hennion & Walsh Asset Management Inc. lifted its position in International Bancshares Co. (NASDAQ:IBOC) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,625 shares of the bank’s stock after purchasing an additional 208 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in International Bancshares were worth $336,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in International Bancshares by 2.4% in the first quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock valued at $366,673,000 after buying an additional 152,165 shares during the last quarter. Boston Trust Walden Corp lifted its position in International Bancshares by 1.3% in the second quarter. Boston Trust Walden Corp now owns 1,476,460 shares of the bank’s stock valued at $84,468,000 after buying an additional 18,362 shares during the last quarter. American Century Companies Inc. lifted its position in International Bancshares by 21.6% in the second quarter. American Century Companies Inc. now owns 993,128 shares of the bank’s stock valued at $56,817,000 after buying an additional 176,334 shares during the last quarter. Bank of New York Mellon Corp lifted its position in International Bancshares by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank’s stock valued at $40,991,000 after buying an additional 18,852 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its position in International Bancshares by 5.6% in the third quarter. Reinhart Partners LLC. now owns 682,144 shares of the bank’s stock valued at $40,785,000 after buying an additional 36,284 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Down 1.0 %

NASDAQ IBOC opened at $62.06 on Wednesday. The firm’s 50-day moving average is $61.19 and its two-hundred day moving average is $59.44. International Bancshares Co. has a 12 month low of $42.97 and a 12 month high of $69.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $3.86 billion, a P/E ratio of 9.47 and a beta of 0.87.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $207.75 million for the quarter. International Bancshares had a net margin of 39.64% and a return on equity of 16.66%.

International Bancshares Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a dividend yield of 2.3%. International Bancshares’s dividend payout ratio is presently 20.15%.

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.