Walleye Capital LLC Takes Position in International Bancshares Corporation $IBOC

Walleye Capital LLC purchased a new stake in shares of International Bancshares Corporation (NASDAQ:IBOC) during the 2nd quarter, Holdings Channel reports. The fund purchased 200,778 shares of the bank’s stock, valued at approximately $15,249,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its position in International Bancshares by 4,020.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 412 shares of the bank’s stock worth $27,000 after purchasing an additional 402 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in International Bancshares by 82.5% in the 4th quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock valued at $32,000 after purchasing an additional 221 shares during the last quarter. Quadrant Capital Group LLC boosted its position in International Bancshares by 82.0% in the fourth quarter. Quadrant Capital Group LLC now owns 515 shares of the bank’s stock valued at $34,000 after buying an additional 232 shares in the last quarter. Versant Capital Management Inc boosted its position in International Bancshares by 35.8% in the second quarter. Versant Capital Management Inc now owns 596 shares of the bank’s stock valued at $45,000 after buying an additional 157 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of International Bancshares during the third quarter worth $48,000. 65.91% of the stock is owned by institutional investors.

International Bancshares Price Performance

International Bancshares stock opened at $73.38 on Friday. The stock has a 50-day moving average price of $75.48 and a two-hundred day moving average price of $72.20. International Bancshares Corporation has a 12 month low of $63.19 and a 12 month high of $78.46. The company has a market capitalization of $4.56 billion, a PE ratio of 11.07 and a beta of 0.69. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings results on Thursday, August 6th. The bank reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.07). The firm had revenue of $214.82 million for the quarter, compared to the consensus estimate of $264.13 million. International Bancshares had a return on equity of 12.67% and a net margin of 38.83%.

International Bancshares Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a yield of 199.0%. International Bancshares’s dividend payout ratio (DPR) is currently 22.02%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of International Bancshares from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $85.00.

International Bancshares Company Profile

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.