UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,687 shares of the bank's stock after purchasing an additional 42,436 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of International Bancshares worth $10,338,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its position in International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock worth $110,750,000 after acquiring an additional 636,533 shares in the last quarter. Norges Bank acquired a new stake in International Bancshares during the fourth quarter worth about $39,913,000. Millennium Management LLC lifted its holdings in shares of International Bancshares by 1,883.6% in the fourth quarter. Millennium Management LLC now owns 346,185 shares of the bank's stock worth $21,865,000 after acquiring an additional 328,733 shares during the last quarter. First Trust Advisors LP boosted its position in International Bancshares by 21.3% during the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock worth $91,585,000 after buying an additional 255,070 shares during the period. Finally, Boston Trust Walden Corp increased its stake in shares of International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock valued at $89,216,000 after acquiring an additional 144,684 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Stock Down 1.3%
Shares of NASDAQ IBOC traded down $0.86 during trading on Wednesday, hitting $63.12. The stock had a trading volume of 146,724 shares, compared to its average volume of 255,072. The firm has a fifty day moving average of $61.50 and a two-hundred day moving average of $64.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $3.92 billion, a PE ratio of 9.82 and a beta of 0.83. International Bancshares Co. has a 12 month low of $53.33 and a 12 month high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $198.22 million for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.
International Bancshares Company 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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