Harbor Capital Advisors Inc. grew its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,074 shares of the bank's stock after acquiring an additional 12,333 shares during the period. Harbor Capital Advisors Inc. owned about 0.11% of International Bancshares worth $4,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of International Bancshares during the 4th quarter valued at about $212,000. Cibc World Markets Corp purchased a new position in International Bancshares during the fourth quarter valued at approximately $320,000. Vanguard Group Inc. boosted its position in shares of 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 during the period. Algert Global LLC increased its stake in shares of International Bancshares by 19.0% in the fourth quarter. Algert Global LLC now owns 138,562 shares of the bank's stock worth $8,752,000 after purchasing an additional 22,150 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of International Bancshares in the fourth quarter worth $4,448,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.
International Bancshares Price Performance
IBOC stock traded down $1.89 during trading on Friday, reaching $62.50. The company's stock had a trading volume of 165,338 shares, compared to its average volume of 254,526. The company's fifty day moving average is $62.18 and its 200-day moving average is $64.18. International Bancshares Co. has a 1 year low of $53.51 and a 1 year high of $76.91. The company has a market capitalization of $3.88 billion, a P/E ratio of 9.72 and a beta of 0.82. 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 (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. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%. The business 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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