Victory Capital Management Inc. Has $3.57 Million Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Victory Capital Management Inc. decreased its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,344 shares of the bank’s stock after selling 450 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of International Bancshares worth $3,567,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its stake in shares of International Bancshares by 13,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock valued at $29,000 after purchasing an additional 533 shares during the period. Blue Trust Inc. raised its stake in International Bancshares by 141.0% during the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares during the period. LRI Investments LLC acquired a new stake in International Bancshares during the 1st quarter worth $117,000. Allspring Global Investments Holdings LLC bought a new position in International Bancshares during the 1st quarter worth about $151,000. Finally, Covestor Ltd increased its holdings in International Bancshares by 14.4% during the 1st quarter. Covestor Ltd now owns 3,369 shares of the bank’s stock worth $189,000 after purchasing an additional 424 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 $61.67 on Tuesday. The stock has a 50-day moving average price of $62.00 and a two-hundred day moving average price of $58.02. The stock has a market cap of $3.83 billion, a PE ratio of 9.42 and a beta of 0.88. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. International Bancshares Co. has a 1 year low of $41.96 and a 1 year high of $69.87.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, August 1st. The bank reported $1.56 earnings per share for the quarter. The company had revenue of $207.75 million during the quarter. International Bancshares had a return on equity of 16.66% and a net margin of 39.64%.

International Bancshares Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a $0.66 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 14th. International Bancshares’s payout ratio is 20.15%.

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.