GAMMA Investing LLC Has $44.70 Million Position in International Bancshares Co. (NASDAQ:IBOC)

GAMMA Investing LLC lifted its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 17,753.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,879 shares of the bank's stock after buying an additional 70,482 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of International Bancshares worth $44,700,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in International Bancshares by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock worth $404,674,000 after purchasing an additional 18,408 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of International Bancshares by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank's stock worth $131,257,000 after acquiring an additional 81,386 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after acquiring an additional 636,533 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of International Bancshares by 21.3% during the fourth quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after acquiring an additional 255,070 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of International Bancshares by 10.4% in the 4th quarter. Northern Trust Corp now owns 844,517 shares of the bank's stock valued at $53,340,000 after purchasing an additional 79,814 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

IBOC stock traded up $1.15 during midday trading on Friday, reaching $64.04. The stock had a trading volume of 53,771 shares, compared to its average volume of 253,917. The firm has a fifty day simple moving average of $61.50 and a two-hundred day simple moving average of $64.51. International Bancshares Co. has a 52-week low of $53.33 and a 52-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 stock has a market cap of $3.98 billion, a PE ratio of 9.95 and a beta of 0.82.

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

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.