Charles Schwab Investment Management Inc. Increases Holdings in International Bancshares Co. (NASDAQ:IBOC)

Charles Schwab Investment Management Inc. increased its position in International Bancshares Co. (NASDAQ:IBOC) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,078,168 shares of the bank’s stock after acquiring an additional 81,386 shares during the period. Charles Schwab Investment Management Inc.’s holdings in International Bancshares were worth $131,257,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IBOC. KBC Group NV raised its position in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after acquiring an additional 1,086 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the 3rd quarter worth approximately $202,000. Versor Investments LP purchased a new position in shares of International Bancshares during the 3rd quarter worth approximately $222,000. Centiva Capital LP acquired a new position in shares of International Bancshares during the 3rd quarter worth approximately $250,000. Finally, Monument Capital Management lifted its stake in International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after buying an additional 427 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Performance

International Bancshares stock opened at $61.89 on Friday. International Bancshares Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 9.63 and a beta of 0.88. The stock has a fifty day moving average of $65.13 and a two-hundred day moving average of $64.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 EPS 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.70 per share. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.52%. International Bancshares’s dividend payout ratio is presently 21.31%.

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.