International Bancshares Corporation $IBOC Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,567 shares of the bank’s stock after acquiring an additional 14,337 shares during the period. SG Americas Securities LLC owned about 0.14% of International Bancshares worth $5,818,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBOC. Diversified Trust Co. increased its holdings in International Bancshares by 4.0% in the 4th quarter. Diversified Trust Co. now owns 22,146 shares of the bank’s stock valued at $1,471,000 after purchasing an additional 848 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of International Bancshares by 49.1% during the third quarter. JPMorgan Chase & Co. now owns 210,864 shares of the bank’s stock worth $14,497,000 after purchasing an additional 69,466 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of International Bancshares in the third quarter worth about $400,000. Danske Bank A S purchased a new stake in shares of International Bancshares in the third quarter worth about $48,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of International Bancshares by 2.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 37,487 shares of the bank’s stock valued at $2,585,000 after buying an additional 842 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Loop Capital set a $85.00 target price on International Bancshares in a report on Wednesday, December 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of International Bancshares in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, International Bancshares currently has an average rating of “Buy” and an average price target of $85.00.

International Bancshares Trading Up 0.4%

Shares of IBOC opened at $67.29 on Wednesday. International Bancshares Corporation has a one year low of $54.11 and a one year high of $75.44. The stock has a 50-day moving average price of $69.44 and a 200 day moving average price of $68.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $4.18 billion, a P/E ratio of 10.16 and a beta of 0.72.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.71 earnings per share (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 declared a dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.73 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a yield of 203.0%. International Bancshares’s dividend payout ratio is currently 22.05%.

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.