AQR Capital Management LLC raised its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 344,645 shares of the bank's stock after purchasing an additional 7,380 shares during the period. AQR Capital Management LLC owned 0.55% of International Bancshares worth $21,768,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of IBOC. Sterling Capital Management LLC increased its holdings in shares of International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after acquiring an additional 1,555 shares during the last quarter. KBC Group NV increased its stake 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 purchasing an additional 1,086 shares during the last quarter. Monument Capital Management raised its holdings in shares of International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after purchasing an additional 427 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of International Bancshares in the 4th quarter worth about $310,000. Finally, Cibc World Markets Corp acquired a new position in shares of International Bancshares in the 4th quarter valued at about $320,000. Institutional investors own 65.91% of the company's stock.
International Bancshares Stock Performance
IBOC traded down $0.48 on Friday, hitting $62.94. 31,987 shares of the company's stock were exchanged, compared to its average volume of 254,478. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $61.07 and a two-hundred day moving average of $64.85. International Bancshares Co. has a twelve month low of $53.33 and a twelve month high of $76.91. The firm has a market cap of $3.92 billion, a PE ratio of 9.79 and a beta of 0.83.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $198.22 million during the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.
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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