International Bancshares Corporation $IBOC Stake Increased by Boston Trust Walden Corp

Boston Trust Walden Corp grew its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 0.5% in the second quarter, Holdings Channel.com reports. The firm owned 1,405,068 shares of the bank’s stock after purchasing an additional 7,019 shares during the period. Boston Trust Walden Corp’s holdings in International Bancshares were worth $93,521,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vest Financial LLC lifted its holdings in shares of International Bancshares by 26.6% in the second quarter. Vest Financial LLC now owns 64,305 shares of the bank’s stock valued at $4,280,000 after purchasing an additional 13,520 shares in the last quarter. CWM LLC lifted its holdings in shares of International Bancshares by 46.1% in the second quarter. CWM LLC now owns 1,229 shares of the bank’s stock valued at $82,000 after purchasing an additional 388 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of International Bancshares by 4.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,345 shares of the bank’s stock valued at $289,000 after purchasing an additional 169 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of International Bancshares by 7.0% in the second quarter. Inspire Investing LLC now owns 5,844 shares of the bank’s stock valued at $389,000 after purchasing an additional 382 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of International Bancshares by 2.6% in the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the bank’s stock valued at $779,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Up 1.6%

NASDAQ IBOC opened at $66.82 on Tuesday. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.15 billion, a PE ratio of 10.09 and a beta of 0.80. The firm’s fifty day simple moving average is $69.77 and its 200-day simple moving average is $66.15.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Thursday, August 7th. The bank reported $1.61 earnings per share for the quarter. International Bancshares had a net margin of 39.51% and a return on equity of 14.37%.

International Bancshares Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.70 per share. This represents a yield of 200.0%. This is an increase from International Bancshares’s previous semi-annual dividend of $0.66. The ex-dividend date was Friday, August 15th. International Bancshares’s dividend payout ratio is 21.15%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of International Bancshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

International Bancshares Profile

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.