International Bancshares Corporation (IBOC) Declares $0.33 Semiannual Dividend
International Bancshares Corporation (NASDAQ:IBOC) announced a semiannual dividend on Tuesday, September 19th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.33 per share by the bank on Monday, October 16th. This represents a yield of 1.74%. The ex-dividend date is Thursday, September 28th.
Shares of International Bancshares Corporation (IBOC) traded up 0.13% during midday trading on Tuesday, reaching $37.95. The company’s stock had a trading volume of 182,954 shares. The company’s 50-day moving average price is $35.80 and its 200 day moving average price is $35.57. The company has a market capitalization of $2.51 billion, a P/E ratio of 17.57 and a beta of 1.53. International Bancshares Corporation has a 12-month low of $28.47 and a 12-month high of $42.25.
International Bancshares Corporation (NASDAQ:IBOC) last issued its quarterly earnings data on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%. On average, equities research analysts forecast that International Bancshares Corporation will post $1.59 earnings per share for the current year.
In other International Bancshares Corporation news, Director Antonio R. Sanchez, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $36.52, for a total transaction of $547,800.00. Following the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at $61,093,942.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP R David Guerra sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $36.67, for a total value of $91,675.00. The disclosure for this sale can be found here. Insiders have sold 87,500 shares of company stock worth $3,177,275 over the last three months. 17.93% of the stock is currently owned by insiders.
Separately, BidaskClub raised International Bancshares Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.
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International Bancshares Corporation Company Profile
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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