15,200 Shares in International Bancshares Co. (NASDAQ:IBOC) Purchased by Bailard Inc.

Bailard Inc. acquired a new position in shares of International Bancshares Co. (NASDAQ:IBOC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 increased its position in International Bancshares by 333.3% during the fourth quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $70,000 after purchasing an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of International Bancshares by 37.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,596 shares of the bank’s stock valued at $113,000 after acquiring an additional 711 shares during the last quarter. Covestor Ltd increased its position in shares of International Bancshares by 69.9% during the third quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock valued at $118,000 after acquiring an additional 1,118 shares during the last quarter. Vest Financial LLC acquired a new stake in shares of International Bancshares during the fourth quarter valued at about $254,000. Finally, Westover Capital Advisors LLC increased its position in shares of International Bancshares by 25.5% during the third quarter. Westover Capital Advisors LLC now owns 6,316 shares of the bank’s stock valued at $274,000 after acquiring an additional 1,283 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the completion of the sale, the director now owns 1,312,245 shares in the company, valued at approximately $71,149,923.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.45% of the stock is owned by insiders.

International Bancshares Trading Up 0.3 %

NASDAQ IBOC opened at $56.15 on Friday. The firm has a 50 day simple moving average of $53.81 and a 200-day simple moving average of $50.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.70 and a current ratio of 0.70. International Bancshares Co. has a one year low of $39.10 and a one year high of $56.80. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 8.48 and a beta of 0.94.

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

International Bancshares Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were paid a $0.66 dividend. The ex-dividend date was Wednesday, February 14th. This represents a yield of 2.5%. This is an increase from International Bancshares’s previous semi-annual dividend of $0.63. International Bancshares’s payout ratio is currently 19.94%.

About International Bancshares

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.