Pacer Advisors Inc. Acquires New Position in International Bancshares Co. (NASDAQ:IBOC)

Pacer Advisors Inc. bought a new position in International Bancshares Co. (NASDAQ:IBOC – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,300 shares of the bank’s stock, valued at approximately $411,000.

A number of other institutional investors have also modified their holdings of IBOC. New Mexico Educational Retirement Board grew its stake in International Bancshares by 15.7% in the first quarter. New Mexico Educational Retirement Board now owns 9,600 shares of the bank’s stock worth $411,000 after purchasing an additional 1,300 shares in the last quarter. Azora Capital LP lifted its stake in International Bancshares by 52.6% in the first quarter. Azora Capital LP now owns 659,203 shares of the bank’s stock worth $28,227,000 after acquiring an additional 227,206 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in International Bancshares during the 1st quarter worth about $318,000. Ontario Teachers Pension Plan Board increased its position in International Bancshares by 2.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 24,660 shares of the bank’s stock valued at $1,056,000 after purchasing an additional 655 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of International Bancshares by 1.5% in the 4th quarter. Amalgamated Bank now owns 35,682 shares of the bank’s stock valued at $1,633,000 after purchasing an additional 521 shares in the last quarter. 63.92% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Trading Up 0.3 %

Shares of NASDAQ IBOC opened at $43.34 on Monday. International Bancshares Co. has a 1-year low of $39.10 and a 1-year high of $53.71. The business has a fifty day moving average price of $45.60 and a 200 day moving average price of $44.49. The stock has a market capitalization of $2.69 billion, a P/E ratio of 6.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.69 and a quick ratio of 0.69.

International Bancshares (NASDAQ:IBOC – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The bank reported $1.62 EPS for the quarter. International Bancshares had a net margin of 44.20% and a return on equity of 18.73%.

International Bancshares Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a dividend of $0.63 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, August 10th. International Bancshares’s payout ratio is presently 20.06%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of International Bancshares in a report on Thursday, August 17th. They set a “hold” rating on the stock.

Get Our Latest Analysis on IBOC

International Bancshares Company Profile

(Free Report)

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.

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