International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its position in International Bancshares Co. (NASDAQ:IBOC) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,611 shares of the bank’s stock after selling 306 shares during the period. Arizona State Retirement System’s holdings in International Bancshares were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of IBOC. Cresta Advisors Ltd. raised its holdings in shares of International Bancshares by 1.8% in the fourth quarter. Cresta Advisors Ltd. now owns 50,468 shares of the bank’s stock worth $2,741,000 after buying an additional 890 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of International Bancshares by 10.3% in the fourth quarter. Reinhart Partners LLC. now owns 621,602 shares of the bank’s stock worth $33,765,000 after buying an additional 57,944 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of International Bancshares by 78.7% in the fourth quarter. Pacer Advisors Inc. now owns 8,017 shares of the bank’s stock worth $435,000 after buying an additional 3,531 shares during the last quarter. Vest Financial LLC purchased a new position in shares of International Bancshares in the fourth quarter worth $254,000. Finally, Diversified Trust Co raised its holdings in shares of International Bancshares by 7.7% in the fourth quarter. Diversified Trust Co now owns 14,973 shares of the bank’s stock worth $813,000 after buying an additional 1,065 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 1,312,245 shares of the company’s stock, valued at $71,149,923.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 14.45% of the stock is currently owned by corporate insiders.

International Bancshares Trading Down 0.6 %

Shares of International Bancshares stock opened at $52.18 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a fifty day moving average price of $53.50 and a 200 day moving average price of $50.19. International Bancshares Co. has a 1 year low of $39.10 and a 1 year high of $56.53. The stock has a market cap of $3.24 billion, a PE ratio of 7.88 and a beta of 0.94.

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

International Bancshares Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a dividend of $0.66 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Wednesday, February 14th. This is a boost from International Bancshares’s previous semi-annual dividend of $0.63. International Bancshares’s dividend payout ratio (DPR) is 19.94%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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.