Brandywine Global Investment Management LLC Has $9.51 Million Stake in International Bancshares Co. (NASDAQ:IBOC)

Brandywine Global Investment Management LLC reduced its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,509 shares of the bank’s stock after selling 6,812 shares during the period. Brandywine Global Investment Management LLC’s holdings in International Bancshares were worth $9,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IBOC. Vanguard Group Inc. increased its position in International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock worth $404,674,000 after purchasing an additional 18,408 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of International Bancshares by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock valued at $131,257,000 after acquiring an additional 81,386 shares during the last quarter. American Century Companies Inc. lifted its holdings in International Bancshares by 57.0% during the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after buying an additional 636,533 shares during the period. Boston Trust Walden Corp boosted its holdings in International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock valued at $89,216,000 after acquiring an additional 144,684 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of International Bancshares by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,352,406 shares of the bank’s stock worth $80,874,000 after buying an additional 9,986 shares during the period. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Trading Up 0.5 %

Shares of IBOC stock opened at $63.06 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a fifty-two week low of $51.80 and a fifty-two week high of $76.91. The stock has a 50 day simple moving average of $64.72 and a two-hundred day simple moving average of $65.14. The company has a market cap of $3.92 billion, a P/E ratio of 9.81 and a beta of 0.88.

International Bancshares (NASDAQ:IBOC) last posted its earnings results on Thursday, February 27th. The bank reported $1.85 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.70 per share. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares’s dividend payout ratio is currently 21.31%.

International Bancshares 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.