BNP Paribas Financial Markets Cuts Stock Position in International Bancshares Co. (NASDAQ:IBOC)

BNP Paribas Financial Markets lessened its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,216 shares of the bank's stock after selling 6,553 shares during the period. BNP Paribas Financial Markets' holdings in International Bancshares were worth $1,024,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IBOC. Hancock Whitney Corp lifted its stake in International Bancshares by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 19,293 shares of the bank's stock valued at $1,219,000 after acquiring an additional 281 shares during the period. Xponance Inc. lifted its stake in shares of International Bancshares by 5.5% in the 4th quarter. Xponance Inc. now owns 7,635 shares of the bank's stock valued at $482,000 after purchasing an additional 401 shares during the period. Monument Capital Management lifted its stake in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after purchasing an additional 427 shares during the period. Edgestream Partners L.P. lifted its stake in shares of International Bancshares by 2.6% in the 4th quarter. Edgestream Partners L.P. now owns 18,746 shares of the bank's stock valued at $1,184,000 after purchasing an additional 469 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of International Bancshares by 11.5% in the 4th 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 during the period. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

Shares of IBOC traded down $0.30 during trading hours on Monday, hitting $62.65. The stock had a trading volume of 144,532 shares, compared to its average volume of 256,192. 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 $61.60 and a 200 day moving average price of $64.89. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 9.74 and a beta of 0.83.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%. The firm had revenue of $198.22 million during the quarter.

International Bancshares Profile

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.