GAMMA Investing LLC grew its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 17,753.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,879 shares of the bank's stock after purchasing an additional 70,482 shares during the period. GAMMA Investing LLC owned approximately 0.11% of International Bancshares worth $44,700,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Barclays PLC raised its stake in International Bancshares by 86.6% in the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after acquiring an additional 51,887 shares during the last quarter. Cetera Investment Advisers acquired a new stake in International Bancshares during the 4th quarter worth $212,000. Cibc World Markets Corp acquired a new position in International Bancshares during the fourth quarter worth $320,000. Vanguard Group Inc. boosted its holdings in International Bancshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after purchasing an additional 18,408 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of International Bancshares by 19.0% in the 4th quarter. Algert Global LLC now owns 138,562 shares of the bank's stock valued at $8,752,000 after purchasing an additional 22,150 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.
International Bancshares Trading Up 2.6%
Shares of IBOC stock traded up $1.62 during trading hours on Friday, hitting $64.51. The company had a trading volume of 138,757 shares, compared to its average volume of 255,128. The stock has a market capitalization of $4.01 billion, a PE ratio of 10.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91. The company's fifty day moving average is $61.54 and its 200 day moving average is $64.47.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%. The company had revenue of $198.22 million during the quarter.
International Bancshares 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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