Mirae Asset Global Investments Co. Ltd. Increases Stock Position in International Bancshares Corporation (NASDAQ:IBOC)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 12.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,593 shares of the bank's stock after purchasing an additional 4,881 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of International Bancshares worth $2,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in International Bancshares by 0.3% during the fourth 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. Charles Schwab Investment Management Inc. raised its position in shares of International Bancshares by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank's stock valued at $131,257,000 after buying an additional 81,386 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of International Bancshares by 57.0% during the 4th 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 during the last quarter. First Trust Advisors LP lifted its holdings in shares of 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 acquiring an additional 255,070 shares during the last quarter. Finally, Northern Trust Corp grew its position in International Bancshares by 10.4% in the fourth quarter. Northern Trust Corp now owns 844,517 shares of the bank's stock worth $53,340,000 after acquiring an additional 79,814 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Price Performance

IBOC traded up $0.92 during midday trading on Friday, hitting $71.19. The stock had a trading volume of 128,517 shares, compared to its average volume of 254,177. International Bancshares Corporation has a 1 year low of $54.11 and a 1 year high of $76.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.73 and a current ratio of 0.73. The business has a fifty day moving average of $64.26 and a 200 day moving average of $63.63. The company has a market cap of $4.42 billion, a P/E ratio of 10.84 and a beta of 0.82.

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. The company had revenue of $198.22 million during the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%.

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.