State of Alaska Department of Revenue bought a new position in International Bancshares Corp (NASDAQ:IBOC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,274 shares of the bank’s stock, valued at approximately $396,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in International Bancshares in the 2nd quarter worth approximately $26,000. Quantamental Technologies LLC lifted its holdings in International Bancshares by 241.5% in the 2nd quarter. Quantamental Technologies LLC now owns 782 shares of the bank’s stock worth $29,000 after purchasing an additional 553 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in International Bancshares by 459.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 833 shares of the bank’s stock worth $31,000 after purchasing an additional 684 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in International Bancshares in the 2nd quarter worth approximately $203,000. Finally, Paloma Partners Management Co acquired a new stake in International Bancshares in the 2nd quarter worth approximately $216,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.
In other International Bancshares news, Director Roberto R. Resendez purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $32.40 per share, for a total transaction of $129,600.00. Following the completion of the acquisition, the director now directly owns 16,730 shares in the company, valued at $542,052. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.00% of the stock is owned by insiders.
IBOC has been the subject of several analyst reports. BidaskClub upgraded International Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. ValuEngine upgraded International Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
IBOC opened at $39.84 on Friday. The business has a 50 day moving average price of $38.06 and a 200 day moving average price of $37.96. International Bancshares Corp has a twelve month low of $32.04 and a twelve month high of $42.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $2.61 billion, a P/E ratio of 12.44 and a beta of 1.33.
International Bancshares (NASDAQ:IBOC) last posted its earnings results on Thursday, August 8th. The bank reported $0.76 earnings per share for the quarter. International Bancshares had a return on equity of 10.79% and a net margin of 32.82%.
The firm also recently declared a 0.50000 dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 2.5%.
International Bancshares Company Profile
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.
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