Squarepoint Ops LLC bought a new stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,658 shares of the bank's stock, valued at approximately $1,873,000.
Several other hedge funds and other institutional investors have also made changes to their positions in IBOC. American Century Companies Inc. lifted 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 buying an additional 636,533 shares in the last quarter. Norges Bank purchased a new position in International Bancshares during the fourth quarter worth approximately $39,913,000. Millennium Management LLC lifted its position in International Bancshares by 1,883.6% during the fourth quarter. Millennium Management LLC now owns 346,185 shares of the bank's stock worth $21,865,000 after buying an additional 328,733 shares in the last quarter. First Trust Advisors LP lifted 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 buying an additional 255,070 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in International Bancshares by 11.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock worth $89,216,000 after buying an additional 144,684 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.
International Bancshares Trading Up 2.0%
International Bancshares stock traded up $1.24 during trading on Tuesday, reaching $63.98. 179,995 shares of the company were exchanged, compared to its average volume of 255,256. The stock's 50 day simple moving average is $61.50 and its two-hundred day simple moving average is $64.58. 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 market capitalization of $3.98 billion, a P/E ratio of 9.95 and a beta of 0.83. International Bancshares Co. has a 52-week low of $53.33 and a 52-week high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its earnings results 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 company had revenue of $198.22 million for the quarter.
International Bancshares Company 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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