International Bancshares Co. (NASDAQ:IBOC) Shares Bought by Algert Global LLC

Algert Global LLC raised its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,562 shares of the bank's stock after acquiring an additional 22,150 shares during the period. Algert Global LLC owned approximately 0.22% of International Bancshares worth $8,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in International Bancshares by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock worth $10,483,000 after purchasing an additional 24,902 shares in the last quarter. Barclays PLC lifted its stake in International Bancshares by 86.6% during the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after acquiring an additional 51,887 shares in the last quarter. Cibc World Markets Corp purchased a new position in International Bancshares during the 4th quarter valued at about $320,000. Vanguard Group Inc. boosted its holdings in International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after acquiring an additional 18,408 shares during the period. Finally, Tamar Securities LLC grew its position in International Bancshares by 1.1% in the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank's stock valued at $38,444,000 after acquiring an additional 6,532 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Down 0.4 %

Shares of IBOC traded down $0.25 during mid-day trading on Friday, hitting $63.17. 111,832 shares of the company's stock were exchanged, compared to its average volume of 255,331. 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 $3.93 billion, a price-to-earnings ratio of 9.82 and a beta of 0.83. The stock's 50-day moving average is $61.07 and its 200-day moving average is $64.87. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The bank reported $1.56 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%. The company had revenue of $198.22 million during the quarter.

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.