Azora Capital LP Has $46.59 Million Position in International Bancshares Co. (NASDAQ:IBOC)

Azora Capital LP lessened its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 737,586 shares of the bank's stock after selling 167,867 shares during the period. International Bancshares comprises 2.1% of Azora Capital LP's investment portfolio, making the stock its 15th largest holding. Azora Capital LP owned about 1.19% of International Bancshares worth $46,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IBOC. Barclays PLC raised its position in International Bancshares by 86.6% during the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after buying an additional 51,887 shares during the period. JPMorgan Chase & Co. lifted its position in shares of International Bancshares by 16.6% in 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. Diversified Trust Co lifted its position in shares of International Bancshares by 11.2% in the fourth quarter. Diversified Trust Co now owns 19,529 shares of the bank's stock worth $1,233,000 after purchasing an additional 1,974 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of International Bancshares by 4.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 57,741 shares of the bank's stock worth $3,647,000 after purchasing an additional 2,447 shares during the period. Finally, Reinhart Partners LLC. grew its position in International Bancshares by 0.7% during the fourth quarter. Reinhart Partners LLC. now owns 687,160 shares of the bank's stock valued at $43,401,000 after purchasing an additional 5,016 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Down 0.3 %

Shares of NASDAQ:IBOC traded down $0.16 during trading on Friday, reaching $63.26. 48,966 shares of the company traded hands, compared to its average volume of 254,553. International Bancshares Co. has a 1-year low of $53.33 and a 1-year high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.94 billion, a P/E ratio of 9.84 and a beta of 0.83. The firm has a fifty day simple moving average of $61.07 and a 200 day simple moving average of $64.85.

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

International Bancshares Company Profile

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.