Voya Investment Management LLC Sells 5,627 Shares of International Bancshares Co. (NASDAQ:IBOC)

Voya Investment Management LLC decreased its holdings in International Bancshares Co. (NASDAQ:IBOC) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,507 shares of the bank’s stock after selling 5,627 shares during the quarter. Voya Investment Management LLC owned approximately 0.21% of International Bancshares worth $8,306,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of International Bancshares by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank’s stock valued at $10,483,000 after buying an additional 24,902 shares during the period. Barclays PLC boosted its holdings in International Bancshares by 86.6% in the third quarter. Barclays PLC now owns 111,823 shares of the bank’s stock valued at $6,686,000 after acquiring an additional 51,887 shares during the last quarter. Cibc World Markets Corp acquired a new stake in International Bancshares during the 4th quarter valued at approximately $320,000. Vanguard Group Inc. raised its holdings in International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock worth $404,674,000 after purchasing an additional 18,408 shares during the last quarter. Finally, Tamar Securities LLC lifted its position in shares of International Bancshares by 1.1% in the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank’s stock worth $38,444,000 after purchasing an additional 6,532 shares during the period. 65.91% of the stock is owned by institutional investors.

International Bancshares Stock Performance

Shares of IBOC opened at $61.66 on Wednesday. International Bancshares Co. has a 12 month low of $53.33 and a 12 month high of $76.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $61.53 and its two-hundred day simple moving average is $64.94. The stock has a market capitalization of $3.84 billion, a P/E ratio of 9.59 and a beta of 0.80.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, February 27th. The bank reported $1.85 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

International Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.54%. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares’s dividend payout ratio (DPR) is presently 21.31%.

About International Bancshares

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.