International Bancshares Corporation $IBOC Holdings Boosted by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,844 shares of the bank’s stock after acquiring an additional 382 shares during the period. Inspire Investing LLC’s holdings in International Bancshares were worth $389,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS lifted its holdings in International Bancshares by 2.6% in the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the bank’s stock worth $779,000 after acquiring an additional 300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in International Bancshares by 11.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,630 shares of the bank’s stock worth $3,237,000 after acquiring an additional 5,037 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of International Bancshares by 3.6% during the second quarter. Janney Montgomery Scott LLC now owns 9,420 shares of the bank’s stock valued at $627,000 after buying an additional 329 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of International Bancshares by 67.3% during the second quarter. UMB Bank n.a. now owns 629 shares of the bank’s stock valued at $42,000 after buying an additional 253 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in shares of International Bancshares by 1.2% during the second quarter. Diversified Trust Co now owns 20,152 shares of the bank’s stock valued at $1,341,000 after buying an additional 240 shares during the last quarter. Institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

IBOC opened at $67.85 on Thursday. The business’s 50 day moving average is $69.72 and its 200-day moving average is $66.18. The stock has a market cap of $4.22 billion, a PE ratio of 10.25 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares Corporation has a twelve month low of $54.11 and a twelve month high of $76.91.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 EPS for the quarter. International Bancshares had a net margin of 39.51% and a return on equity of 14.37%.

International Bancshares Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.70 per share. This is a boost from International Bancshares’s previous semi-annual dividend of $0.66. This represents a dividend yield of 200.0%. The ex-dividend date was Friday, August 15th. International Bancshares’s dividend payout ratio (DPR) is 21.15%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of International Bancshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

International Bancshares 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.