Susquehanna International Group LLP Decreases Stock Position in International Bancshares Corporation $IBOC

Susquehanna International Group LLP cut its stake in International Bancshares Corporation (NASDAQ:IBOCFree Report) by 55.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,270 shares of the bank’s stock after selling 31,571 shares during the quarter. Susquehanna International Group LLP’s holdings in International Bancshares were worth $1,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in International Bancshares by 4,020.0% during 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 during the period. Hantz Financial Services Inc. raised its stake in shares of International Bancshares by 82.5% in the fourth quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock valued at $32,000 after acquiring an additional 221 shares during the period. Quadrant Capital Group LLC raised its stake in shares of International Bancshares by 82.0% in the fourth quarter. Quadrant Capital Group LLC now owns 515 shares of the bank’s stock valued at $34,000 after acquiring an additional 232 shares during the period. Allworth Financial LP bought a new stake in shares of International Bancshares in the 2nd quarter worth about $42,000. Finally, Versant Capital Management Inc lifted its holdings in shares of International Bancshares by 35.8% in the 2nd quarter. Versant Capital Management Inc now owns 596 shares of the bank’s stock worth $45,000 after acquiring 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 Performance

Shares of NASDAQ IBOC opened at $70.93 on Monday. International Bancshares Corporation has a fifty-two week low of $63.19 and a fifty-two week high of $78.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 10.70 and a beta of 0.69. The business’s 50 day moving average price is $74.84 and its 200-day moving average price is $72.22.

International Bancshares (NASDAQ:IBOCGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The bank reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.07). The business had revenue of $214.82 million for the quarter, compared to analysts’ expectations of $264.13 million. International Bancshares had a net margin of 38.83% and a return on equity of 12.67%.

International Bancshares Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.73 per share. 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%.

Analyst Ratings Changes

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

View Our Latest Research Report on IBOC

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.

Further Reading

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

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