Cubist Systematic Strategies LLC cut its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,514 shares of the bank's stock after selling 39,776 shares during the quarter. Cubist Systematic Strategies LLC's holdings in International Bancshares were worth $1,485,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of IBOC. American Century Companies Inc. grew its stake in International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after acquiring an additional 636,533 shares in the last quarter. Norges Bank purchased a new stake in International Bancshares during the 4th quarter valued at about $39,913,000. First Trust Advisors LP lifted its stake in International Bancshares by 21.3% during the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after acquiring an additional 255,070 shares during the period. Boston Trust Walden Corp lifted its stake in shares of International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock worth $89,216,000 after purchasing an additional 144,684 shares during the period. Finally, Denali Advisors LLC grew its holdings in International Bancshares by 2,051.6% during the 4th quarter. Denali Advisors LLC now owns 101,016 shares of the bank's stock valued at $6,380,000 after buying an additional 96,321 shares in 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 NASDAQ:IBOC traded down $0.45 on Friday, hitting $65.21. 199,775 shares of the company's stock were exchanged, compared to its average volume of 256,309. International Bancshares Co. has a 12 month low of $53.33 and a 12 month high of $76.91. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.14 and a beta of 0.83. The business's 50 day simple moving average is $61.44 and its two-hundred day simple moving average is $64.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The bank reported $1.56 EPS for the quarter. The business had revenue of $198.22 million for 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.
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