International Bancshares Co. (NASDAQ:IBOC) Shares Acquired by Vest Financial LLC

Vest Financial LLC raised its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 58.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,398 shares of the bank’s stock after purchasing an additional 14,127 shares during the quarter. Vest Financial LLC’s holdings in International Bancshares were worth $2,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in International Bancshares during the fourth quarter valued at about $3,989,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of International Bancshares by 18.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,712 shares of the bank’s stock worth $2,470,000 after acquiring an additional 6,107 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of International Bancshares by 11.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock valued at $89,216,000 after purchasing an additional 144,684 shares during the last quarter. Tamar Securities LLC increased its stake in International Bancshares by 1.1% in the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank’s stock worth $38,444,000 after purchasing an additional 6,532 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in International Bancshares by 27.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,997 shares of the bank’s stock worth $631,000 after buying an additional 2,183 shares during the period. 65.91% of the stock is owned by institutional investors.

International Bancshares Trading Down 1.8 %

NASDAQ IBOC opened at $66.67 on Friday. The firm’s 50 day moving average price is $66.42 and its two-hundred day moving average price is $64.54. 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 Co. has a twelve month low of $48.85 and a twelve month high of $76.91. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 10.37 and a beta of 0.93.

International Bancshares (NASDAQ:IBOC) last issued its earnings results on Thursday, November 7th. The bank reported $1.60 earnings per share 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 business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.70 per share. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Friday, February 14th. International Bancshares’s payout ratio is currently 20.53%.

Insider Buying and Selling

In related news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares in the company, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.93% of the stock is owned by corporate insiders.

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.