International Bancshares Corporation $IBOC Shares Bought by Vest Financial LLC

Vest Financial LLC grew its position in shares of International Bancshares Corporation (NASDAQ:IBOC) by 26.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,305 shares of the bank’s stock after purchasing an additional 13,520 shares during the period. Vest Financial LLC’s holdings in International Bancshares were worth $4,280,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in International Bancshares during the first quarter worth $30,000. UMB Bank n.a. lifted its stake in International Bancshares by 67.3% during the second quarter. UMB Bank n.a. now owns 629 shares of the bank’s stock worth $42,000 after purchasing an additional 253 shares in the last quarter. CENTRAL TRUST Co acquired a new position in International Bancshares during the first quarter worth $63,000. GAMMA Investing LLC lifted its stake in International Bancshares by 183.1% during the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock worth $71,000 after purchasing an additional 727 shares in the last quarter. Finally, CWM LLC lifted its stake in International Bancshares by 46.1% during the second quarter. CWM LLC now owns 1,229 shares of the bank’s stock worth $82,000 after purchasing an additional 388 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Up 1.6%

Shares of NASDAQ IBOC opened at $66.82 on Tuesday. The stock has a market cap of $4.15 billion, a P/E ratio of 10.09 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 12-month low of $54.11 and a 12-month high of $76.91. The business’s fifty day simple moving average is $69.77 and its 200-day simple moving average is $66.15.

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

International Bancshares Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.70 dividend. This is a boost from International Bancshares’s previous semi-annual dividend of $0.66. This represents a yield of 200.0%. The ex-dividend date was Friday, August 15th. International Bancshares’s payout ratio is 21.15%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of International Bancshares in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus 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.