Boston Trust Walden Corp Sells 14,484 Shares of International Bancshares Corporation (NASDAQ:IBOC)

Boston Trust Walden Corp cut its position in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,398,049 shares of the bank's stock after selling 14,484 shares during the quarter. Boston Trust Walden Corp owned 2.25% of International Bancshares worth $88,161,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co acquired a new stake in International Bancshares during the first quarter worth about $63,000. Janney Montgomery Scott LLC grew its position in International Bancshares by 14.7% during the first quarter. Janney Montgomery Scott LLC now owns 9,091 shares of the bank's stock worth $573,000 after buying an additional 1,166 shares in the last quarter. SG Americas Securities LLC acquired a new stake in International Bancshares during the first quarter worth about $1,255,000. GAMMA Investing LLC grew its position in International Bancshares by 183.1% during the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock worth $71,000 after buying an additional 727 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in International Bancshares by 21.4% during the first quarter. Harbor Capital Advisors Inc. now owns 70,074 shares of the bank's stock worth $4,419,000 after buying an additional 12,333 shares in the last quarter. 65.91% of the stock is owned by institutional investors and hedge funds.

International Bancshares Price Performance

NASDAQ IBOC traded up $0.50 during trading on Friday, reaching $63.02. 527,626 shares of the company traded hands, compared to its average volume of 253,950. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50 day moving average price is $62.60 and its two-hundred day moving average price is $63.71. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 9.59 and a beta of 0.82. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91.

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 for the quarter. The company had revenue of $198.22 million for the quarter. International Bancshares had a return on equity of 14.84% and a net margin of 39.30%.

About International Bancshares

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.