International Bancshares (NASDAQ:IBOC) Shares Down 4.1% – What’s Next?

International Bancshares Co. (NASDAQ:IBOC)’s share price dropped 4.1% during mid-day trading on Monday . The company traded as low as $61.22 and last traded at $60.59. Approximately 34,638 shares were traded during trading, a decline of 85% from the average daily volume of 227,631 shares. The stock had previously closed at $63.16.

International Bancshares Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $64.91 and its 200-day simple moving average is $64.97. The firm has a market capitalization of $3.87 billion, a PE ratio of 9.68 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.70 dividend. The ex-dividend date was Friday, February 14th. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.50%. International Bancshares’s dividend payout ratio is currently 21.31%.

Institutional Trading of International Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of IBOC. Point72 Asset Management L.P. purchased a new stake in shares of International Bancshares in the 4th quarter worth about $88,000. Sterling Capital Management LLC grew its position in shares of International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank’s stock worth $110,000 after buying an additional 1,555 shares during the period. KBC Group NV grew its position in shares of International Bancshares by 71.2% in the 4th quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after buying an additional 1,086 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of International Bancshares in the 3rd quarter worth about $202,000. Finally, Cetera Investment Advisers purchased a new stake in shares of International Bancshares in the 4th quarter worth about $212,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

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.