Cibc World Markets Corp Invests $320,000 in International Bancshares Co. (NASDAQ:IBOC)

Cibc World Markets Corp bought a new stake in International Bancshares Co. (NASDAQ:IBOC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,059 shares of the bank’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Trust Walden Corp lifted its stake in International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after purchasing an additional 144,684 shares in the last quarter. Denali Advisors LLC increased its holdings in shares of International Bancshares by 2,051.6% in the fourth quarter. Denali Advisors LLC now owns 101,016 shares of the bank’s stock valued at $6,380,000 after purchasing an additional 96,321 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in International Bancshares by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock worth $131,257,000 after buying an additional 81,386 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in International Bancshares during the fourth quarter worth $3,989,000. Finally, Azora Capital LP grew its holdings in International Bancshares by 7.2% in the 3rd quarter. Azora Capital LP now owns 905,453 shares of the bank’s stock valued at $54,137,000 after buying an additional 60,573 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Up 3.5 %

NASDAQ IBOC opened at $65.64 on Tuesday. The business’s fifty day simple moving average is $64.94 and its 200-day simple moving average is $65.01. 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 firm has a market cap of $4.08 billion, a PE ratio of 10.21 and a beta of 0.88. International Bancshares Co. has a 52 week low of $51.80 and a 52 week high of $76.91.

International Bancshares (NASDAQ:IBOC) last issued its earnings results on Thursday, February 27th. The bank reported $1.85 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.27%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, February 14th. 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.