SG Americas Securities LLC Acquires Shares of 19,907 International Bancshares Corporation (NASDAQ:IBOC)

SG Americas Securities LLC bought a new stake in International Bancshares Corporation (NASDAQ:IBOC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,907 shares of the bank's stock, valued at approximately $1,255,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of International Bancshares by 183.1% in the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock valued at $71,000 after acquiring an additional 727 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of International Bancshares by 21.4% in the first quarter. Harbor Capital Advisors Inc. now owns 70,074 shares of the bank's stock worth $4,419,000 after purchasing an additional 12,333 shares during the last quarter. Reinhart Partners LLC. increased its holdings in International Bancshares by 13.2% during the 1st quarter. Reinhart Partners LLC. now owns 777,713 shares of the bank's stock valued at $49,043,000 after purchasing an additional 90,553 shares during the period. Vest Financial LLC increased its holdings in International Bancshares by 32.3% during the 1st quarter. Vest Financial LLC now owns 50,785 shares of the bank's stock valued at $3,203,000 after purchasing an additional 12,387 shares during the period. Finally, Rhumbline Advisers raised its position in International Bancshares by 8.9% during the 1st quarter. Rhumbline Advisers now owns 206,708 shares of the bank's stock valued at $13,035,000 after purchasing an additional 16,924 shares during the last quarter. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Trading Up 1.0%

Shares of IBOC stock traded up $0.64 during trading hours on Friday, reaching $63.16. The company's stock had a trading volume of 188,517 shares, compared to its average volume of 254,430. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.05. International Bancshares Corporation has a one year low of $54.11 and a one year high of $76.91. The stock has a market capitalization of $3.92 billion, a P/E ratio of 9.60 and a beta of 0.82. The firm's fifty day simple moving average is $62.47 and its 200 day simple moving average is $63.89.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%. The business had revenue of $198.22 million for the quarter.

About International Bancshares

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.