Millennium Management LLC Grows Stake in International Bancshares Co. (NASDAQ:IBOC)

Millennium Management LLC increased its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 1,883.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

A number of other large investors also recently added to or reduced their stakes in IBOC. Sterling Capital Management LLC lifted its stake in International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after purchasing an additional 1,555 shares in the last quarter. KBC Group NV lifted its position in shares of International Bancshares by 71.2% in the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after buying an additional 1,086 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of International Bancshares in the fourth quarter worth about $212,000. Monument Capital Management boosted its stake in International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after buying an additional 427 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in International Bancshares during the 4th quarter valued at approximately $310,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Down 0.2%

Shares of NASDAQ IBOC opened at $65.19 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 12-month low of $53.33 and a 12-month high of $76.91. The firm's 50-day moving average price is $61.52 and its 200-day moving average price is $65.04. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.14 and a beta of 0.83.

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

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.

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