Reinhart Partners LLC. Buys 90,553 Shares of International Bancshares Co. (NASDAQ:IBOC)

Reinhart Partners LLC. boosted its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 777,713 shares of the bank's stock after purchasing an additional 90,553 shares during the quarter. International Bancshares comprises approximately 1.8% of Reinhart Partners LLC.'s investment portfolio, making the stock its 26th biggest position. Reinhart Partners LLC. owned about 1.25% of International Bancshares worth $49,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted 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 worth $404,674,000 after purchasing an additional 18,408 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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. boosted its position 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 boosted its position 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, Northern Trust Corp boosted its position in International Bancshares by 10.4% during the fourth quarter. Northern Trust Corp now owns 844,517 shares of the bank's stock worth $53,340,000 after purchasing an additional 79,814 shares during the period. 65.91% of the stock is owned by institutional investors.

International Bancshares Trading Up 2.6%

IBOC stock opened at $64.51 on Friday. 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 company has a fifty day moving average price of $61.54 and a two-hundred day moving average price of $64.47. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 10.03 and a beta of 0.82.

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

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