Reinhart Partners LLC. increased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 777,713 shares of the bank's stock after acquiring an additional 90,553 shares during the quarter. International Bancshares comprises 1.8% of Reinhart Partners LLC.'s portfolio, making the stock its 26th biggest holding. Reinhart Partners LLC. owned 1.25% of International Bancshares worth $49,043,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Point72 Asset Management L.P. bought a new position in International Bancshares in the 4th quarter valued at about $88,000. Sterling Capital Management LLC raised its holdings in International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after acquiring an additional 1,555 shares during the period. Cetera Investment Advisers bought a new position in International Bancshares in the 4th quarter valued at about $212,000. GTS Securities LLC bought a new position in International Bancshares in the 4th quarter valued at about $234,000. Finally, Monument Capital Management raised its holdings in International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after acquiring an additional 427 shares during the period. 65.91% of the stock is owned by institutional investors and hedge funds.
International Bancshares Stock Performance
NASDAQ IBOC traded up $0.99 on Tuesday, reaching $65.87. The stock had a trading volume of 145,776 shares, compared to its average volume of 254,515. 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 firm has a fifty day moving average of $61.75 and a two-hundred day moving average of $64.33. International Bancshares Co. has a 1-year low of $53.33 and a 1-year high of $76.91. The company has a market cap of $4.09 billion, a P/E ratio of 10.24 and a beta of 0.82.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $198.22 million for the quarter.
International Bancshares 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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