Nationwide Fund Advisors Sells 543 Shares of International Bancshares Corporation (IBOC)
Nationwide Fund Advisors cut its stake in International Bancshares Corporation (NASDAQ:IBOC) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,626 shares of the bank’s stock after selling 543 shares during the period. Nationwide Fund Advisors owned about 0.24% of International Bancshares Corporation worth $5,630,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in IBOC. ING Groep NV acquired a new position in International Bancshares Corporation during the 2nd quarter worth $248,000. Arizona State Retirement System increased its holdings in International Bancshares Corporation by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock worth $859,000 after purchasing an additional 300 shares during the period. BNP Paribas Arbitrage SA increased its holdings in International Bancshares Corporation by 87.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 28,866 shares of the bank’s stock worth $1,012,000 after purchasing an additional 13,497 shares during the period. Great West Life Assurance Co. Can increased its holdings in International Bancshares Corporation by 4.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 35,454 shares of the bank’s stock worth $1,238,000 after purchasing an additional 1,445 shares during the period. Finally, Texas Permanent School Fund increased its holdings in International Bancshares Corporation by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock worth $1,487,000 after purchasing an additional 395 shares during the period. Hedge funds and other institutional investors own 55.59% of the company’s stock.
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In other news, VP R David Guerra sold 2,500 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $36.67, for a total value of $91,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $36.24, for a total value of $724,800.00. Following the completion of the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at approximately $60,625,533.60. The disclosure for this sale can be found here. Insiders sold 87,500 shares of company stock worth $3,177,275 over the last three months. 17.93% of the stock is currently owned by corporate insiders.
Separately, BidaskClub raised International Bancshares Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.
International Bancshares Corporation (IBOC) opened at 41.05 on Wednesday. International Bancshares Corporation has a 12 month low of $29.31 and a 12 month high of $42.25. The stock’s 50 day moving average price is $36.98 and its 200-day moving average price is $35.73. The firm has a market capitalization of $2.71 billion, a P/E ratio of 19.00 and a beta of 1.54.
International Bancshares Corporation (NASDAQ:IBOC) last announced its quarterly earnings results on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a net margin of 26.21% and a return on equity of 8.20%. On average, analysts forecast that International Bancshares Corporation will post $1.59 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.33 dividend. This represents a yield of 1.74%. The ex-dividend date is Thursday, September 28th. International Bancshares Corporation’s dividend payout ratio (DPR) is presently 9.03%.
International Bancshares Corporation Profile
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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