International Bancshares (NASDAQ:IBOC) Sets New 1-Year High at $56.55

International Bancshares Co. (NASDAQ:IBOC) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.55 and last traded at $56.53, with a volume of 75802 shares traded. The stock had previously closed at $56.17.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised International Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th.

International Bancshares Price Performance

The firm has a fifty day moving average of $53.60 and a 200 day moving average of $50.58. The company has a market capitalization of $3.50 billion, a P/E ratio of 8.46 and a beta of 0.94. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.05.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Monday, February 26th. The bank reported $1.71 EPS for the quarter. International Bancshares had a return on equity of 18.32% and a net margin of 42.45%. The company had revenue of $211.03 million during the quarter.

International Bancshares Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a $0.66 dividend. This represents a yield of 2.5%. This is an increase from International Bancshares’s previous semi-annual dividend of $0.63. The ex-dividend date of this dividend was Wednesday, February 14th. International Bancshares’s dividend payout ratio (DPR) is presently 19.94%.

Insider Buying and Selling

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the completion of the sale, the director now directly owns 1,312,245 shares in the company, valued at approximately $71,149,923.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 14.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Bancshares

Large investors have recently made changes to their positions in the company. Boston Trust Walden Corp grew its stake in shares of International Bancshares by 77.2% during the 4th quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank’s stock valued at $55,434,000 after purchasing an additional 444,674 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of International Bancshares by 777.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 58,266 shares of the bank’s stock valued at $2,525,000 after purchasing an additional 51,627 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of International Bancshares by 1,035.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 101,676 shares of the bank’s stock valued at $4,407,000 after purchasing an additional 92,722 shares during the period. American Century Companies Inc. grew its stake in shares of International Bancshares by 12.2% during the 3rd quarter. American Century Companies Inc. now owns 570,126 shares of the bank’s stock valued at $24,709,000 after purchasing an additional 62,148 shares during the period. Finally, North Reef Capital Management LP grew its stake in shares of International Bancshares by 2.5% during the 3rd quarter. North Reef Capital Management LP now owns 1,650,000 shares of the bank’s stock valued at $71,511,000 after purchasing an additional 39,938 shares during the period. 65.91% of the stock is currently owned by institutional investors.

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.