Westover Capital Advisors LLC Cuts Holdings in International Bancshares Co. (NASDAQ:IBOC)

Westover Capital Advisors LLC decreased its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,101 shares of the bank’s stock after selling 693 shares during the period. Westover Capital Advisors LLC’s holdings in International Bancshares were worth $3,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in shares of International Bancshares by 4.3% during the third quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock valued at $327,000 after purchasing an additional 223 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of International Bancshares by 1.7% in the 3rd quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock valued at $1,137,000 after acquiring an additional 314 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of International Bancshares by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the bank’s stock valued at $369,000 after acquiring an additional 420 shares during the last quarter. Monument Capital Management lifted its holdings in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after acquiring an additional 427 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its holdings in shares of International Bancshares by 6.8% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 7,647 shares of the bank’s stock valued at $457,000 after acquiring an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 1.7 %

Shares of NASDAQ:IBOC opened at $65.85 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 12 month low of $51.80 and a 12 month high of $76.91. The company has a 50-day moving average price of $65.28 and a 200 day moving average price of $64.93. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 10.24 and a beta of 0.93.

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

International Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.70 dividend. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. International Bancshares’s dividend payout ratio (DPR) is presently 21.31%.

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.