Dimensional Fund Advisors LP Has $220.43 Million Position in International Bancshares Corporation $IBOC

Dimensional Fund Advisors LP lessened its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,206,231 shares of the bank’s stock after selling 95,820 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of International Bancshares worth $220,429,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBOC. Victory Capital Management Inc. increased its position in International Bancshares by 0.6% during the third quarter. Victory Capital Management Inc. now owns 71,599 shares of the bank’s stock worth $4,922,000 after buying an additional 413 shares during the last quarter. Royce & Associates LP bought a new stake in shares of International Bancshares during the 3rd quarter worth about $212,000. American Century Companies Inc. boosted its stake in shares of International Bancshares by 7.1% during the 3rd quarter. American Century Companies Inc. now owns 3,090,223 shares of the bank’s stock worth $212,453,000 after acquiring an additional 204,536 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of International Bancshares during the 3rd quarter valued at about $206,000. Finally, Rothschild Investment LLC raised its stake in shares of International Bancshares by 554.4% in the 3rd quarter. Rothschild Investment LLC now owns 589 shares of the bank’s stock valued at $40,000 after acquiring an additional 499 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Price Performance

NASDAQ IBOC opened at $66.53 on Friday. The stock has a 50-day simple moving average of $69.90 and a 200 day simple moving average of $69.07. International Bancshares Corporation has a twelve month low of $54.11 and a twelve month high of $75.44. The stock has a market capitalization of $4.14 billion, a PE ratio of 10.05 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.76.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. International Bancshares had a return on equity of 13.41% and a net margin of 39.04%.The company had revenue of $217.71 million for the quarter.

International Bancshares Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.73 per share. This represents a yield of 203.0%. The ex-dividend date was Friday, February 13th. International Bancshares’s dividend payout ratio is presently 22.05%.

Analyst Ratings Changes

IBOC has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of International Bancshares in a report on Thursday, January 22nd. Loop Capital set a $85.00 price target on shares of International Bancshares in a research report on Wednesday, December 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, International Bancshares currently has a consensus rating of “Buy” and an average price target 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.