Natixis Advisors LLC Purchases 341 Shares of International Bancshares Co. (NASDAQ:IBOC)

Natixis Advisors LLC raised its position in International Bancshares Co. (NASDAQ:IBOC) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,509 shares of the bank’s stock after purchasing an additional 341 shares during the quarter. Natixis Advisors LLC’s holdings in International Bancshares were worth $601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Panagora Asset Management Inc. increased its stake in shares of International Bancshares by 8.5% in the second quarter. Panagora Asset Management Inc. now owns 354,545 shares of the bank’s stock valued at $20,284,000 after buying an additional 27,686 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of International Bancshares in the second quarter valued at about $310,000. Boston Trust Walden Corp increased its stake in shares of 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 period. Finally, Blue Trust Inc. increased its stake in shares of International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after buying an additional 306 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Trading Up 0.4 %

Shares of IBOC stock opened at $59.90 on Friday. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 9.11 and a beta of 0.88. The stock has a 50-day moving average of $61.75 and a 200-day moving average of $57.77. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. International Bancshares Co. has a 1-year low of $41.96 and a 1-year high of $69.87.

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

International Bancshares Announces Dividend

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

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.