Millennium Management LLC Purchases 328,733 Shares of International Bancshares Co. (NASDAQ:IBOC)

Millennium Management LLC increased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 1,883.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 346,185 shares of the bank's stock after purchasing an additional 328,733 shares during the period. Millennium Management LLC owned 0.56% of International Bancshares worth $21,865,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in International Bancshares by 0.3% during 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. Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 81,386 shares during the period. American Century Companies Inc. grew its holdings 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 purchasing an additional 636,533 shares during the period. First Trust Advisors LP grew its holdings in International Bancshares by 21.3% during the fourth quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock worth $91,585,000 after purchasing an additional 255,070 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in International Bancshares by 11.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock worth $89,216,000 after purchasing an additional 144,684 shares during the period. Institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

International Bancshares stock traded down $0.30 during midday trading on Monday, reaching $62.65. 144,532 shares of the company's stock were exchanged, compared to its average volume of 256,192. 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 firm has a market cap of $3.89 billion, a price-to-earnings ratio of 9.74 and a beta of 0.83. The stock's 50-day simple moving average is $61.60 and its 200 day simple moving average is $64.89.

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

International Bancshares Company 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.