Bank of America Corp DE trimmed its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,498 shares of the bank's stock after selling 4,431 shares during the quarter. Bank of America Corp DE owned about 0.14% of International Bancshares worth $5,526,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its position in shares of International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after buying an additional 636,533 shares in the last quarter. Norges Bank acquired a new position in shares of International Bancshares in the 4th quarter valued at approximately $39,913,000. First Trust Advisors LP raised its position in shares of International Bancshares by 21.3% in the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after buying an additional 255,070 shares in the last quarter. Boston Trust Walden Corp raised its position 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 valued at $89,216,000 after buying an additional 144,684 shares in the last quarter. Finally, Denali Advisors LLC raised its position in shares of International Bancshares by 2,051.6% in 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 owned by institutional investors.
International Bancshares Price Performance
Shares of NASDAQ:IBOC traded down $0.48 during midday trading on Friday, hitting $62.71. The stock had a trading volume of 281,858 shares, compared to its average volume of 255,838. The company's 50-day moving average price is $61.52 and its 200-day moving average price is $64.64. The company has a market capitalization of $3.90 billion, a P/E ratio of 9.75 and a beta of 0.83. 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 fifty-two week low of $53.33 and a fifty-two week high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced 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 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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