Victory Capital Management Inc. Sells 909 Shares of International Bancshares Co. (NASDAQ:IBOC)

Victory Capital Management Inc. reduced its stake in International Bancshares Co. (NASDAQ:IBOC) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,628 shares of the bank’s stock after selling 909 shares during the period. Victory Capital Management Inc.’s holdings in International Bancshares were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its stake in shares of International Bancshares by 71.2% in the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock valued at $165,000 after buying an additional 1,086 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of International Bancshares in the third quarter valued at approximately $202,000. Versor Investments LP bought a new stake in shares of International Bancshares in the third quarter valued at approximately $222,000. Monument Capital Management boosted its stake in shares of International Bancshares by 12.1% in the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after buying an additional 427 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of International Bancshares in the third quarter valued at approximately $250,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Up 3.1 %

NASDAQ IBOC opened at $63.16 on Monday. The business has a fifty day moving average price of $64.96 and a two-hundred day moving average price of $64.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The stock has a market capitalization of $3.93 billion, a PE ratio of 9.82 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last released its 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 14th. 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 4.43%. International Bancshares’s dividend payout ratio is presently 21.31%.

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.