International Bancshares Co. to Issue Semi-Annual Dividend of $0.60 (NASDAQ:IBOC)

International Bancshares Co. (NASDAQ:IBOCGet Rating) declared a Semi-Annual dividend on Thursday, August 4th, Zacks reports. Investors of record on Tuesday, August 16th will be paid a dividend of 0.60 per share by the bank on Monday, August 29th. The ex-dividend date is Monday, August 15th.

International Bancshares Stock Up 2.4 %

Shares of International Bancshares stock opened at $44.24 on Friday. International Bancshares has a 52-week low of $38.00 and a 52-week high of $46.67. The company has a 50 day moving average of $41.23 and a 200 day moving average of $41.60. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.79 billion, a P/E ratio of 11.16 and a beta of 1.04.

International Bancshares (NASDAQ:IBOCGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The bank reported $0.84 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 38.17% and a return on equity of 9.89%.

Institutional Trading of International Bancshares

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP lifted its position in shares of International Bancshares by 18.1% during the 1st quarter. First Trust Advisors LP now owns 138,638 shares of the bank’s stock worth $5,852,000 after buying an additional 21,246 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of International Bancshares by 40.7% during the 1st quarter. MetLife Investment Management LLC now owns 63,070 shares of the bank’s stock worth $2,662,000 after buying an additional 18,235 shares during the last quarter. Prelude Capital Management LLC lifted its position in shares of International Bancshares by 49.0% during the 1st quarter. Prelude Capital Management LLC now owns 40,740 shares of the bank’s stock worth $1,720,000 after buying an additional 13,402 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of International Bancshares by 11.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 31,506 shares of the bank’s stock worth $1,364,000 after buying an additional 3,132 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of International Bancshares by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 28,422 shares of the bank’s stock worth $1,200,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 63.39% of the company’s stock.

About International Bancshares

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International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services.

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Dividend History for International Bancshares (NASDAQ:IBOC)

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