Monument Capital Management Grows Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Monument Capital Management raised its position in International Bancshares Co. (NASDAQ:IBOC) by 12.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,955 shares of the bank’s stock after buying an additional 427 shares during the period. Monument Capital Management’s holdings in International Bancshares were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of International Bancshares by 5,673.7% during the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after acquiring an additional 2,156 shares during the period. Creative Planning increased its position in International Bancshares by 47.9% during the 3rd quarter. Creative Planning now owns 5,200 shares of the bank’s stock worth $311,000 after purchasing an additional 1,684 shares in the last quarter. Blue Trust Inc. increased its position in International Bancshares by 564.8% during the 3rd quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock worth $199,000 after purchasing an additional 2,954 shares in the last quarter. Vest Financial LLC increased its position in International Bancshares by 19.9% during the 3rd quarter. Vest Financial LLC now owns 24,271 shares of the bank’s stock worth $1,451,000 after purchasing an additional 4,022 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in International Bancshares by 3.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock worth $336,000 after purchasing an additional 208 shares in the last quarter. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Stock Down 0.5 %

Shares of NASDAQ:IBOC opened at $64.74 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 52-week low of $48.85 and a 52-week high of $76.91. The company has a 50 day moving average of $65.63 and a two-hundred day moving average of $64.42. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.07 and a beta of 0.93.

International Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.70 dividend. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 14th. This represents a $2.80 annualized dividend and a yield of 4.32%. International Bancshares’s dividend payout ratio (DPR) is 20.53%.

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.