AQR Capital Management LLC raised its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344,645 shares of the bank's stock after buying an additional 7,380 shares during the period. AQR Capital Management LLC owned about 0.55% of International Bancshares worth $21,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in International Bancshares by 836.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after purchasing an additional 1,555 shares during the period. KBC Group NV increased its holdings in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after buying an additional 1,086 shares during the period. Monument Capital Management increased its holdings in International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after buying an additional 427 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in International Bancshares in the fourth quarter worth approximately $310,000. Finally, Cibc World Markets Corp purchased a new stake in International Bancshares during the fourth quarter worth $320,000. 65.91% of the stock is currently owned by institutional investors.
International Bancshares Stock Performance
Shares of IBOC remained flat at $62.20 during trading hours on Wednesday. The stock had a trading volume of 187,331 shares, compared to its average volume of 255,409. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.87 billion, a P/E ratio of 9.67 and a beta of 0.83. International Bancshares Co. has a 52-week low of $53.33 and a 52-week high of $76.91. The business's 50 day moving average price is $61.22 and its two-hundred day moving average price is $64.86.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its 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 business had revenue of $198.22 million during the quarter.
International Bancshares Profile
(
Free Report)
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.
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