International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in International Bancshares Co. (NASDAQ:IBOC) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 87,040 shares of the bank’s stock after selling 4,720 shares during the period. Corebridge Financial Inc. owned 0.14% of International Bancshares worth $5,497,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IBOC. Quantinno Capital Management LP increased its stake in International Bancshares by 4.3% in the third quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock valued at $327,000 after purchasing an additional 223 shares during the last quarter. Xponance Inc. grew its holdings in International Bancshares by 5.5% in the 4th quarter. Xponance Inc. now owns 7,635 shares of the bank’s stock valued at $482,000 after buying an additional 401 shares during the period. Monument Capital Management increased its stake in shares of International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after acquiring an additional 427 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of International Bancshares by 2.6% during the 4th quarter. Edgestream Partners L.P. now owns 18,746 shares of the bank’s stock worth $1,184,000 after acquiring an additional 469 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of International Bancshares by 4.4% in the third quarter. Thrivent Financial for Lutherans now owns 13,595 shares of the bank’s stock worth $813,000 after acquiring an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Price Performance

International Bancshares stock opened at $62.72 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 9.75 and a beta of 0.88. International Bancshares Co. has a 1 year low of $51.80 and a 1 year high of $76.91. The firm has a 50 day moving average price of $64.78 and a 200 day moving average price of $65.08.

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

International Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.46%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, February 14th. International Bancshares’s dividend payout ratio (DPR) is 21.31%.

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.