Vest Financial LLC Purchases 4,022 Shares of International Bancshares Co. (NASDAQ:IBOC)

Vest Financial LLC raised its position in International Bancshares Co. (NASDAQ:IBOC) by 19.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,271 shares of the bank’s stock after buying an additional 4,022 shares during the period. Vest Financial LLC’s holdings in International Bancshares were worth $1,451,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBOC. 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. Strategic Financial Concepts LLC bought a new position in shares of International Bancshares during the second quarter valued at $39,000. LRI Investments LLC acquired a new position in shares of International Bancshares during the first quarter worth $117,000. CWM LLC grew its stake in shares of International Bancshares by 5,673.7% in the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in International Bancshares in the first quarter valued at $151,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Down 2.0 %

Shares of IBOC opened at $64.42 on Monday. The stock’s 50-day moving average price is $60.84 and its two-hundred day moving average price is $59.13. International Bancshares Co. has a 12 month low of $42.25 and a 12 month high of $69.87. The company has a market capitalization of $4.01 billion, a PE ratio of 9.84 and a beta of 0.87. 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 (NASDAQ:IBOC) last announced 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 for the quarter.

International Bancshares Dividend Announcement

The company 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. This represents a yield of 2.3%. The ex-dividend date was Wednesday, August 14th. International Bancshares’s dividend payout ratio is presently 20.15%.

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.