Azora Capital LP Sells 167,867 Shares of International Bancshares Co. (NASDAQ:IBOC)

Azora Capital LP lowered its position 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 & Exchange Commission. The institutional investor owned 737,586 shares of the bank's stock after selling 167,867 shares during the quarter. International Bancshares accounts for approximately 2.1% of Azora Capital LP's investment portfolio, making the stock its 15th biggest holding. Azora Capital LP owned 1.19% of International Bancshares worth $46,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 24,902 shares during the period. Barclays PLC increased its stake in shares of 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 purchasing an additional 51,887 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of International Bancshares in the 4th quarter worth approximately $320,000. Vanguard Group Inc. lifted its stake in International Bancshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after purchasing an additional 18,408 shares during the last quarter. Finally, Tamar Securities LLC lifted its stake in International Bancshares by 1.1% in the fourth quarter. Tamar Securities LLC now owns 608,674 shares of the bank's stock valued at $38,444,000 after purchasing an additional 6,532 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

NASDAQ:IBOC remained flat at $62.20 during trading hours on Wednesday. The company's stock had a trading volume of 187,331 shares, compared to its average volume of 255,345. The firm has a market capitalization of $3.87 billion, a PE ratio of 9.67 and a beta of 0.83. The stock has a 50-day moving average of $61.22 and a 200 day moving average of $64.86. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a twelve month low of $53.33 and a twelve month high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The company 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

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.