Balyasny Asset Management L.P. purchased a new stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,335 shares of the bank's stock, valued at approximately $1,916,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBOC. Sterling Capital Management LLC raised its position in International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after buying an additional 1,555 shares during the period. KBC Group NV lifted its stake in International Bancshares by 71.2% in the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after acquiring an additional 1,086 shares during the last quarter. Monument Capital Management grew its position in International Bancshares by 12.1% in the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after acquiring an additional 427 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of International Bancshares during the 4th quarter worth $310,000. Finally, Cibc World Markets Corp acquired a new position in shares of International Bancshares during the 4th quarter worth $320,000. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Stock Down 0.7%
Shares of IBOC stock traded down $0.45 on Friday, hitting $65.21. The company's stock had a trading volume of 199,775 shares, compared to its average volume of 255,566. 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 stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.14 and a beta of 0.83. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91. The firm's fifty day moving average price is $61.36 and its 200-day moving average price is $64.95.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $198.22 million during the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.
International Bancshares Company 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.
Featured Stories
Before you consider International Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Bancshares wasn't on the list.
While International Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
