Cubist Systematic Strategies LLC trimmed its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 62.8% in the fourth quarter, according to 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 period. Cubist Systematic Strategies LLC's holdings in International Bancshares were worth $1,485,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of International Bancshares by 16.6% in the 3rd 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. Barclays PLC lifted its holdings in 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 buying an additional 51,887 shares during the period. Cibc World Markets Corp bought a new stake in International Bancshares during the fourth quarter valued at $320,000. Vanguard Group Inc. grew its holdings in International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock worth $404,674,000 after acquiring an additional 18,408 shares during the period. Finally, Tamar Securities LLC raised its position in shares of International Bancshares by 1.1% in the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank's stock worth $38,444,000 after acquiring an additional 6,532 shares in the last quarter. 65.91% of the stock is owned by institutional investors.
International Bancshares Trading Down 0.7%
Shares of NASDAQ:IBOC traded down $0.45 during midday trading on Friday, reaching $65.21. The company's stock had a trading volume of 199,775 shares, compared to its average volume of 255,566. 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 debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50 day moving average price of $61.36 and a two-hundred day moving average price of $64.95. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.14 and a beta of 0.83.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. The firm had revenue of $198.22 million for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.
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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