Susquehanna Fundamental Investments LLC Purchases New Holdings in International Bancshares Corporation $IBOC

Susquehanna Fundamental Investments LLC purchased a new position in International Bancshares Corporation (NASDAQ:IBOCFree Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 36,105 shares of the bank’s stock, valued at approximately $2,742,000.

Several other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in shares of International Bancshares by 4,020.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 412 shares of the bank’s stock worth $27,000 after buying an additional 402 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of International Bancshares by 82.5% in the 4th quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock worth $32,000 after purchasing an additional 221 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of International Bancshares by 82.0% in the 4th quarter. Quadrant Capital Group LLC now owns 515 shares of the bank’s stock worth $34,000 after purchasing an additional 232 shares in the last quarter. Allworth Financial LP purchased a new position in shares of International Bancshares in the second quarter worth $42,000. Finally, Versant Capital Management Inc boosted its position in shares of International Bancshares by 35.8% during 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 during the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Down 1.1%

Shares of International Bancshares stock opened at $70.16 on Tuesday. International Bancshares Corporation has a twelve month low of $63.19 and a twelve month high of $78.46. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $74.75 and its 200 day moving average is $72.20. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 10.58 and a beta of 0.69.

International Bancshares (NASDAQ:IBOCGet Free Report) last posted its earnings results on Thursday, August 6th. The bank reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.07). The company had revenue of $214.82 million during 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 company also recently declared a dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.73 dividend. This represents a dividend yield of 199.0%. The ex-dividend date was Friday, August 14th. International Bancshares’s dividend payout ratio (DPR) is 22.02%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded International Bancshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $85.00.

Get Our Latest Research Report on International Bancshares

About International Bancshares

(Free Report)

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.

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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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