Amalgamated Bank raised its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,811 shares of the bank’s stock after acquiring an additional 72 shares during the quarter. Amalgamated Bank’s holdings in International Bancshares Corporation were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. ING Groep NV bought a new stake in International Bancshares Corporation during the 2nd quarter valued at $248,000. Arizona State Retirement System raised its holdings in International Bancshares Corporation by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock valued at $859,000 after acquiring an additional 300 shares during the period. BNP Paribas Arbitrage SA raised its holdings in International Bancshares Corporation by 87.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 28,866 shares of the bank’s stock valued at $1,012,000 after acquiring an additional 13,497 shares during the period. Great West Life Assurance Co. Can raised its holdings in International Bancshares Corporation by 4.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 35,454 shares of the bank’s stock valued at $1,238,000 after acquiring an additional 1,445 shares during the period. Finally, Texas Permanent School Fund raised its holdings in International Bancshares Corporation by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock valued at $1,487,000 after acquiring an additional 395 shares during the period. 55.59% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP R David Guerra sold 2,500 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $36.67, for a total transaction of $91,675.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $36.26, for a total transaction of $1,813,000.00. Following the sale, the director now owns 1,672,890 shares in the company, valued at $60,658,991.40. The disclosure for this sale can be found here. Insiders have sold a total of 87,500 shares of company stock worth $3,177,275 over the last 90 days. Insiders own 17.93% of the company’s stock.

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Shares of International Bancshares Corporation (IBOC) opened at 42.00 on Thursday. International Bancshares Corporation has a one year low of $29.31 and a one year high of $42.35. The firm’s 50-day moving average is $38.03 and its 200-day moving average is $36.00. The company has a market cap of $2.77 billion, a PE ratio of 19.44 and a beta of 1.54.

International Bancshares Corporation (NASDAQ:IBOC) last announced its quarterly earnings data on Monday, August 7th. The bank reported $0.61 EPS for the quarter. International Bancshares Corporation had a net margin of 26.21% and a return on equity of 8.20%. On average, equities analysts anticipate that International Bancshares Corporation will post $1.59 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, September 28th. This represents a dividend yield of 1.74%. International Bancshares Corporation’s payout ratio is 9.03%.

Separately, BidaskClub cut shares of International Bancshares Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

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.

Institutional Ownership by Quarter for International Bancshares Corporation (NASDAQ:IBOC)

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