Reinhart Partners Inc. lifted its position in shares of International Bancshares Corp (NASDAQ:IBOC) by 50.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,323 shares of the bank’s stock after purchasing an additional 39,503 shares during the period. Reinhart Partners Inc. owned about 0.18% of International Bancshares worth $4,500,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in International Bancshares by 3.0% in the fourth quarter. BlackRock Inc. now owns 6,602,331 shares of the bank’s stock valued at $227,123,000 after acquiring an additional 192,532 shares during the last quarter. Vanguard Group Inc. lifted its stake in International Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,381,184 shares of the bank’s stock valued at $242,152,000 after buying an additional 119,663 shares during the period. Vanguard Group Inc lifted its stake in International Bancshares by 2.3% in the third quarter. Vanguard Group Inc now owns 5,381,184 shares of the bank’s stock valued at $242,152,000 after buying an additional 119,663 shares during the period. Dimensional Fund Advisors LP lifted its stake in International Bancshares by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,885,204 shares of the bank’s stock valued at $168,051,000 after buying an additional 106,634 shares during the period. Finally, Polaris Capital Management LLC raised its position in shares of International Bancshares by 3.0% during the fourth quarter. Polaris Capital Management LLC now owns 1,212,802 shares of the bank’s stock worth $41,720,000 after purchasing an additional 35,200 shares during the period. Institutional investors own 60.24% of the company’s stock.
Separately, BidaskClub raised International Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th.
Shares of NASDAQ:IBOC traded down $0.27 during trading on Wednesday, reaching $40.92. 4 shares of the stock were exchanged, compared to its average volume of 176,061. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.45. International Bancshares Corp has a 1-year low of $32.56 and a 1-year high of $47.95. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 12.45 and a beta of 1.35.
International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings results on Wednesday, February 27th. The bank reported $0.88 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 11.50% and a net margin of 34.23%. The business had revenue of $148.00 million during the quarter.
The business also recently declared a semiannual dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, March 29th. This represents a yield of 2.5%. This is an increase from International Bancshares’s previous semiannual dividend of $0.42.
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International Bancshares Company Profile
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.
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