International Bancshares Co. (NASDAQ:IBOC) Stake Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in International Bancshares Co. (NASDAQ:IBOC) by 6.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,687 shares of the bank’s stock after selling 908 shares during the quarter. Thrivent Financial for Lutherans’ holdings in International Bancshares were worth $801,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of IBOC. KBC Group NV increased its holdings in shares of International Bancshares by 71.2% during the fourth 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. Monument Capital Management increased its stake in International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after buying an additional 427 shares during the period. Centiva Capital LP acquired a new position in International Bancshares during the 3rd quarter valued at about $250,000. Dorsey Wright & Associates bought a new stake in shares of International Bancshares during the 3rd quarter worth about $257,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of International Bancshares in the 3rd quarter worth approximately $270,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ:IBOC opened at $62.59 on Thursday. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 9.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a 12 month low of $51.80 and a 12 month high of $76.91. The stock’s 50 day moving average price is $64.57 and its 200 day moving average price is $65.13.

International Bancshares (NASDAQ:IBOC) last posted 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.47%. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio (DPR) is 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.