International Bancshares (NASDAQ:IBOC) Reaches New 52-Week High at $56.55

Shares of International Bancshares Co. (NASDAQ:IBOC) hit a new 52-week high on Wednesday . The company traded as high as $56.55 and last traded at $56.53, with a volume of 75802 shares changing hands. The stock had previously closed at $56.17.

Wall Street Analyst Weigh In

Separately, StockNews.com raised International Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.

International Bancshares Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average of $53.81 and a two-hundred day moving average of $50.74. The firm has a market capitalization of $3.49 billion, a P/E ratio of 8.48 and a beta of 0.94.

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

International Bancshares Increases Dividend

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

Insider Activity

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 stock was sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the sale, the director now directly owns 1,312,245 shares in the company, valued at $71,149,923.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.45% of the stock is currently owned by company insiders.

Institutional Trading of International Bancshares

Institutional investors and hedge funds have recently modified their holdings of the company. TFO Wealth Partners LLC boosted its stake in International Bancshares by 13,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock valued at $29,000 after buying an additional 533 shares in the last quarter. Strs Ohio boosted its stake in International Bancshares by 333.3% in the 4th quarter. Strs Ohio now owns 1,300 shares of the bank’s stock valued at $70,000 after buying an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in International Bancshares by 37.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,596 shares of the bank’s stock valued at $113,000 after buying an additional 711 shares in the last quarter. Covestor Ltd boosted its stake in International Bancshares by 69.9% in the 3rd quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock valued at $118,000 after buying an additional 1,118 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in International Bancshares in the 4th quarter valued at $208,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Company 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.