Mutual of America Capital Management LLC Sells 650 Shares of International Bancshares Co. (NASDAQ:IBOC)

Mutual of America Capital Management LLC lowered its position in International Bancshares Co. (NASDAQ:IBOC) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,258 shares of the bank’s stock after selling 650 shares during the period. Mutual of America Capital Management LLC’s holdings in International Bancshares were worth $1,785,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IBOC. Foundry Partners LLC bought a new stake in shares of International Bancshares in the third quarter worth $8,937,000. Boston Trust Walden Corp grew its holdings in shares of International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after acquiring an additional 144,684 shares during the period. Denali Advisors LLC grew its holdings in shares of International Bancshares by 2,051.6% in the fourth quarter. Denali Advisors LLC now owns 101,016 shares of the bank’s stock worth $6,380,000 after acquiring an additional 96,321 shares during the period. Strategic Financial Concepts LLC bought a new stake in International Bancshares during the fourth quarter valued at about $3,989,000. Finally, Azora Capital LP grew its holdings in International Bancshares by 7.2% during the third quarter. Azora Capital LP now owns 905,453 shares of the bank’s stock valued at $54,137,000 after purchasing an additional 60,573 shares during the period. Institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

NASDAQ:IBOC opened at $61.89 on Friday. The stock has a 50-day simple moving average of $65.13 and a two-hundred day simple moving average of $64.96. International Bancshares Co. has a 52-week low of $51.80 and a 52-week high of $76.91. 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 firm has a market capitalization of $3.85 billion, a PE ratio of 9.63 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last released its quarterly 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 business also recently declared 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 annualized dividend and a yield of 4.52%. The ex-dividend date was Friday, February 14th. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s payout ratio is currently 21.31%.

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.