iSAM Funds UK Ltd acquired a new stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,590 shares of the bank's stock, valued at approximately $353,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings 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 in the last quarter. Hennion & Walsh Asset Management Inc. grew 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 valued at $396,000 after purchasing an additional 649 shares in the last quarter. Janney Montgomery Scott LLC grew 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 valued at $501,000 after purchasing an additional 2,607 shares in the last quarter. Blue Trust Inc. increased its stake in International Bancshares by 65.1% in the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock valued at $343,000 after buying an additional 2,264 shares during the period. Finally, KBC Group NV lifted its position in International Bancshares by 71.2% in the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after buying an additional 1,086 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.
International Bancshares Stock Down 0.5%
Shares of NASDAQ:IBOC traded down $0.30 during trading on Monday, reaching $62.65. 144,532 shares of the company traded hands, compared to its average volume of 256,192. The firm has a fifty day simple moving average of $61.62 and a 200 day simple moving average of $64.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 1-year low of $53.33 and a 1-year high of $76.91. The firm has a market cap of $3.89 billion, a P/E ratio of 9.74 and a beta of 0.83.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%. The firm had revenue of $198.22 million during the quarter.
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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