International Bancshares Corporation Plans Dividend of $0.73 (NASDAQ:IBOC)

International Bancshares Corporation (NASDAQ:IBOC) announced a dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.73 per share by the bank on Friday, August 28th. This represents a yield of 192.0%. The ex-dividend date of this dividend is Friday, August 14th.

International Bancshares has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 16 years.

International Bancshares Stock Down 0.4%

NASDAQ IBOC traded down $0.32 during trading hours on Monday, hitting $76.22. The company had a trading volume of 361,177 shares, compared to its average volume of 355,662. The firm’s 50 day moving average is $75.10 and its 200 day moving average is $71.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77. International Bancshares has a fifty-two week low of $63.19 and a fifty-two week high of $78.46. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 11.38 and a beta of 0.69.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, May 7th. The bank reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.04). International Bancshares had a return on equity of 13.16% and a net margin of 39.33%.The company had revenue of $208.46 million for the quarter, compared to analyst estimates of $257.28 million.

Analyst Ratings Changes

Separately, Weiss Ratings raised International Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of $85.00.

About International Bancshares

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.