Victory Capital Management Inc. Has $3.64 Million Holdings in International Bancshares Co. (NASDAQ:IBOC)

Victory Capital Management Inc. lessened its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,628 shares of the bank’s stock after selling 909 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of International Bancshares worth $3,640,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its position in International Bancshares by 71.2% during the fourth 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 last quarter. Oppenheimer Asset Management Inc. acquired a new position in International Bancshares during the third quarter worth approximately $202,000. Versor Investments LP acquired a new position in International Bancshares during the third quarter worth approximately $222,000. Centiva Capital LP acquired a new position in International Bancshares during the third quarter worth approximately $250,000. Finally, Monument Capital Management increased its position in International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after buying an additional 427 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $63.16 on Monday. International Bancshares Co. has a twelve month low of $51.80 and a twelve month high of $76.91. The company has a market cap of $3.93 billion, a PE ratio of 9.82 and a beta of 0.88. The business’s 50 day moving average price is $64.96 and its two-hundred day moving average price is $64.97. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

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 return on equity of 15.62% and a net margin of 38.65%.

International Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s payout ratio is currently 21.31%.

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.