Bailard Inc. Makes New $826,000 Investment in International Bancshares Co. (NASDAQ:IBOC)

Bailard Inc. purchased a new position in International Bancshares Co. (NASDAQ:IBOC) during the 4th quarter, HoldingsChannel reports. The firm purchased 15,200 shares of the bank’s stock, valued at approximately $826,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio raised its position in International Bancshares by 333.3% in the fourth quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $70,000 after acquiring an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in International Bancshares by 37.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,596 shares of the bank’s stock worth $113,000 after acquiring an additional 711 shares in the last quarter. Covestor Ltd raised its position in International Bancshares by 69.9% in the third quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock worth $118,000 after acquiring an additional 1,118 shares in the last quarter. Vest Financial LLC bought a new stake in International Bancshares in the fourth quarter worth about $254,000. Finally, Westover Capital Advisors LLC raised its position in International Bancshares by 25.5% in the third quarter. Westover Capital Advisors LLC now owns 6,316 shares of the bank’s stock worth $274,000 after acquiring an additional 1,283 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Price Performance

NASDAQ IBOC opened at $56.15 on Friday. The stock’s 50-day moving average price is $53.81 and its two-hundred day moving average price is $50.74. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.49 billion, a PE ratio of 8.48 and a beta of 0.94. International Bancshares Co. has a 1 year low of $39.10 and a 1 year high of $56.80.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Monday, February 26th. The bank reported $1.71 earnings per share (EPS) for the quarter. The firm had revenue of $211.03 million for the quarter. International Bancshares had a return on equity of 18.32% and a net margin of 42.45%.

International Bancshares Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.66 per share. This represents a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from International Bancshares’s previous semi-annual dividend of $0.63. International Bancshares’s payout ratio is presently 19.94%.

Insider Buying and Selling at International Bancshares

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of International Bancshares stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the transaction, the director now owns 1,312,245 shares of the company’s stock, valued at approximately $71,149,923.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 14.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded International Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 4th.

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.