Advantage Alpha Capital Partners LP Boosts Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Advantage Alpha Capital Partners LP increased its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,592 shares of the bank’s stock after buying an additional 945 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in International Bancshares were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in shares of International Bancshares by 57.0% during the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after acquiring an additional 636,533 shares during the period. Boston Trust Walden Corp raised its stake in International Bancshares by 11.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after purchasing an additional 144,684 shares during the period. Denali Advisors LLC boosted its holdings in International Bancshares by 2,051.6% in the 4th quarter. Denali Advisors LLC now owns 101,016 shares of the bank’s stock valued at $6,380,000 after purchasing an additional 96,321 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of International Bancshares by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock valued at $131,257,000 after buying an additional 81,386 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of International Bancshares during the 4th quarter worth approximately $4,448,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Up 3.5 %

IBOC stock opened at $65.64 on Tuesday. International Bancshares Co. has a one year low of $51.80 and a one year high of $76.91. The firm has a market cap of $4.08 billion, a PE ratio of 10.21 and a beta of 0.88. The firm’s 50 day moving average price is $64.94 and its 200-day moving average price is $65.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

International Bancshares (NASDAQ:IBOC) last posted its earnings results on Thursday, February 27th. The bank reported $1.85 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.27%. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio 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.