International Bancshares (NASDAQ:IBOC) Sets New 1-Year High at $56.55

International Bancshares Co. (NASDAQ:IBOC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.55 and last traded at $56.53, with a volume of 75802 shares trading hands. The stock had previously closed at $56.17.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of International Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 4th.

International Bancshares Stock Up 0.2 %

The stock has a market capitalization of $3.50 billion, a P/E ratio of 8.46 and a beta of 0.94. 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 stock’s fifty day moving average is $53.60 and its two-hundred day moving average is $50.58.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Monday, February 26th. The bank reported $1.71 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 company also recently announced a semi-annual dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a $0.66 dividend. This represents a yield of 2.5%. The ex-dividend date was Wednesday, February 14th. This is an increase from International Bancshares’s previous semi-annual dividend of $0.63. International Bancshares’s dividend payout ratio (DPR) is 19.94%.

Insider Buying and Selling

In related news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of International Bancshares stock in a transaction on Monday, March 11th. The shares were sold at an average price of $54.22, for a total value of $2,168,800.00. Following the transaction, the director now owns 1,312,245 shares in the company, valued at approximately $71,149,923.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. TFO Wealth Partners LLC grew its position in International Bancshares by 13,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock worth $29,000 after purchasing an additional 533 shares during the last quarter. Strs Ohio grew its position in International Bancshares by 333.3% in the 4th quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $70,000 after purchasing an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position 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 worth $113,000 after purchasing an additional 711 shares during the last quarter. Covestor Ltd grew its position in International Bancshares by 69.9% in the 3rd quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock worth $118,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Inceptionr LLC acquired a new stake in International Bancshares in the 4th quarter worth $208,000. Institutional investors own 65.91% of the company’s stock.

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.