Profund Advisors LLC increased its holdings in International Bancshares Co. (NASDAQ:IBOC – Free Report) by 15.2% in the second quarter, HoldingsChannel.com reports. The fund owned 4,598 shares of the bank’s stock after acquiring an additional 606 shares during the period. Profund Advisors LLC’s holdings in International Bancshares were worth $263,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. TFO Wealth Partners LLC lifted its position in shares of International Bancshares by 13,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock worth $29,000 after purchasing an additional 533 shares during the period. Blue Trust Inc. raised its stake in International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in International Bancshares in the second quarter worth about $39,000. LRI Investments LLC purchased a new stake in International Bancshares in the first quarter worth about $117,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in International Bancshares during the 1st quarter valued at approximately $151,000. Institutional investors own 65.91% of the company’s stock.
International Bancshares Stock Up 0.2 %
Shares of NASDAQ:IBOC opened at $59.51 on Friday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 9.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50 day moving average price of $61.86 and a 200-day moving average price of $58.38. International Bancshares Co. has a 52-week low of $42.25 and a 52-week high of $69.87.
International Bancshares Dividend Announcement
The firm also recently disclosed 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. This represents a yield of 2.3%. The ex-dividend date was Wednesday, August 14th. International Bancshares’s payout ratio is currently 20.15%.
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.
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