Pacer Advisors Inc. Has $631,000 Stake in International Bancshares Co. (NASDAQ:IBOC)

Pacer Advisors Inc. boosted its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,997 shares of the bank’s stock after buying an additional 2,183 shares during the period. Pacer Advisors Inc.’s holdings in International Bancshares were worth $631,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after purchasing an additional 2,156 shares in the last quarter. KBC Group NV boosted its stake 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 valued at $165,000 after purchasing an additional 1,086 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of International Bancshares by 564.8% in the 3rd quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock valued at $199,000 after purchasing an additional 2,954 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of International Bancshares in the 3rd quarter valued at approximately $202,000. Finally, Versor Investments LP acquired a new stake in shares of International Bancshares in the 3rd quarter valued at approximately $222,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Trading Down 1.4 %

IBOC opened at $64.95 on Tuesday. The company’s 50 day moving average is $67.10 and its 200-day moving average is $64.49. International Bancshares Co. has a 1-year low of $48.85 and a 1-year high of $76.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.04 billion, a P/E ratio of 10.10 and a beta of 0.93.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, November 7th. The bank reported $1.60 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 disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.31%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio (DPR) is 20.53%.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now owns 965,185 shares in the company, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.93% of the stock is owned by company insiders.

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.