Commonwealth Equity Services LLC Purchases 5,470 Shares of International Bancshares Co. (NASDAQ:IBOC)

Commonwealth Equity Services LLC increased its position in International Bancshares Co. (NASDAQ:IBOC) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,822 shares of the bank’s stock after buying an additional 5,470 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of International Bancshares worth $2,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IBOC. Swiss National Bank raised its stake in shares of International Bancshares by 0.7% during the fourth quarter. Swiss National Bank now owns 110,100 shares of the bank’s stock valued at $6,954,000 after acquiring an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in International Bancshares by 19.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,656 shares of the bank’s stock valued at $989,000 after purchasing an additional 2,501 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of International Bancshares by 2.6% in the 4th quarter. Edgestream Partners L.P. now owns 18,746 shares of the bank’s stock worth $1,184,000 after buying an additional 469 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of International Bancshares by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock valued at $131,257,000 after buying an additional 81,386 shares during the period. Finally, Denali Advisors LLC increased its stake in shares of International Bancshares by 2,051.6% during the fourth quarter. Denali Advisors LLC now owns 101,016 shares of the bank’s stock valued at $6,380,000 after buying an additional 96,321 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

NASDAQ:IBOC opened at $63.77 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $64.88 and its 200 day simple moving average is $65.04. The stock has a market cap of $3.97 billion, a P/E ratio of 9.92 and a beta of 0.88. International Bancshares Co. has a twelve month low of $51.80 and a twelve month high of $76.91.

International Bancshares (NASDAQ:IBOC) last announced its earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.39%. 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 dividend payout ratio (DPR) is presently 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.