Principal Financial Group Inc. Acquires 3,033 Shares of International Bancshares Co. (NASDAQ:IBOC)

Principal Financial Group Inc. increased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,926 shares of the bank’s stock after acquiring an additional 3,033 shares during the period. Principal Financial Group Inc. owned about 0.25% of International Bancshares worth $9,659,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. KBC Group NV lifted 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 during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of International Bancshares in the 3rd quarter valued at $202,000. Versor Investments LP bought a new position in International Bancshares during the 3rd quarter worth about $222,000. Centiva Capital LP bought a new position in International Bancshares during the 3rd quarter worth about $250,000. Finally, Monument Capital Management increased its holdings in International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Price Performance

IBOC stock opened at $67.00 on Friday. The stock has a 50-day moving average price of $65.19 and a two-hundred day moving average price of $64.73. The stock has a market cap of $4.17 billion, a PE ratio of 10.42 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 1 year low of $50.77 and a 1 year high of $76.91.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, February 14th. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio is 21.77%.

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.