Reinhart Partners LLC. Acquires 10,705 Shares of International Bancshares Corporation $IBOC

Reinhart Partners LLC. lifted its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 1.4% during the second quarter, HoldingsChannel reports. The firm owned 788,418 shares of the bank’s stock after purchasing an additional 10,705 shares during the period. Reinhart Partners LLC.’s holdings in International Bancshares were worth $52,478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IBOC. Cetera Investment Advisers bought a new position in shares of International Bancshares in the fourth quarter worth about $212,000. Deutsche Bank AG grew its position in International Bancshares by 34.6% during the fourth quarter. Deutsche Bank AG now owns 69,871 shares of the bank’s stock worth $4,413,000 after buying an additional 17,971 shares in the last quarter. Janus Henderson Group PLC grew its position in International Bancshares by 0.7% during the fourth quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank’s stock worth $3,428,000 after buying an additional 388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in International Bancshares by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,786 shares of the bank’s stock worth $1,944,000 after buying an additional 1,208 shares in the last quarter. Finally, Millennium Management LLC grew its position in International Bancshares by 1,883.6% during the fourth quarter. Millennium Management LLC now owns 346,185 shares of the bank’s stock worth $21,865,000 after buying an additional 328,733 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Down 1.1%

NASDAQ IBOC opened at $68.85 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $69.98 and its two-hundred day moving average is $65.37. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.40 and a beta of 0.87. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 earnings per share for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.

International Bancshares Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.70 dividend. This is a boost from International Bancshares’s previous semi-annual dividend of $0.66. The ex-dividend date was Friday, August 15th. This represents a yield of 200.0%. International Bancshares’s dividend payout ratio is presently 21.15%.

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.