ProShare Advisors LLC increased its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,730 shares of the bank's stock after buying an additional 5,183 shares during the quarter. ProShare Advisors LLC's holdings in International Bancshares were worth $1,120,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of International Bancshares by 86.6% in the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after purchasing an additional 51,887 shares during the period. Janney Montgomery Scott LLC raised its stake in International Bancshares by 49.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,925 shares of the bank's stock valued at $501,000 after acquiring an additional 2,607 shares in the last quarter. Blue Trust Inc. boosted its position in International Bancshares by 65.1% during the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock worth $343,000 after acquiring an additional 2,264 shares during the period. KBC Group NV grew its stake 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 purchasing an additional 1,086 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of International Bancshares by 27.9% during the fourth quarter. Pacer Advisors Inc. now owns 9,997 shares of the bank's stock valued at $631,000 after purchasing an additional 2,183 shares during the period. 65.91% of the stock is currently owned by institutional investors.
International Bancshares Stock Performance
Shares of NASDAQ IBOC traded down $0.65 during midday trading on Wednesday, reaching $63.29. 20,081 shares of the company traded hands, compared to its average volume of 255,025. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 9.84 and a beta of 0.83. The stock has a 50-day moving average price of $61.62 and a 200 day moving average price of $64.88. 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 current ratio of 0.72 and a quick ratio of 0.72.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released 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 for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.
About International Bancshares
(
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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