Balyasny Asset Management L.P. Acquires Shares of 30,335 International Bancshares Co. (NASDAQ:IBOC)

Balyasny Asset Management L.P. purchased a new stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,335 shares of the bank's stock, valued at approximately $1,916,000.

Several other large investors have also modified their holdings of IBOC. Barclays PLC grew its position in shares of International Bancshares by 86.6% in the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after purchasing an additional 51,887 shares during the last quarter. JPMorgan Chase & Co. grew 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 valued at $10,483,000 after purchasing an additional 24,902 shares during the last quarter. Reinhart Partners LLC. grew its position in shares of International Bancshares by 0.7% in 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 during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in International Bancshares by 11.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,274 shares of the bank's stock worth $396,000 after acquiring an additional 649 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in International Bancshares by 49.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,925 shares of the bank's stock worth $501,000 after acquiring an additional 2,607 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Trading Down 0.7%

Shares of IBOC traded down $0.45 during mid-day trading on Friday, reaching $65.21. The company had a trading volume of 199,775 shares, compared to its average volume of 256,309. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 10.14 and a beta of 0.83. The firm has a fifty day simple moving average of $61.44 and a 200-day simple moving average of $64.99. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91. 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 (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 net margin of 38.65% and a return on equity of 15.62%. The business had revenue of $198.22 million for 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.