Dimensional Fund Advisors LP Sells 56,499 Shares of International Bancshares Co. (NASDAQ:IBOC)

Dimensional Fund Advisors LP decreased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 1.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,823,667 shares of the bank’s stock after selling 56,499 shares during the period. Dimensional Fund Advisors LP owned 6.15% of International Bancshares worth $218,749,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IBOC. TFO Wealth Partners LLC boosted its position in International Bancshares by 13,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock valued at $29,000 after purchasing an additional 533 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of International Bancshares by 141.0% in the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after buying an additional 306 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of International Bancshares in the 2nd quarter worth approximately $39,000. LRI Investments LLC bought a new position in shares of International Bancshares during the 1st quarter worth approximately $117,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in International Bancshares during the first quarter valued at approximately $151,000. Institutional investors own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of IBOC opened at $62.14 on Thursday. The company has a 50 day moving average of $62.21 and a two-hundred day moving average of $58.12. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 9.49 and a beta of 0.88. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. International Bancshares Co. has a twelve month low of $41.96 and a twelve month high of $69.87.

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

International Bancshares Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a dividend yield of 2.3%. International Bancshares’s dividend payout ratio (DPR) 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.