Summit Global Investments purchased a new position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,195 shares of the bank's stock, valued at approximately $328,000.
Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of International Bancshares by 86.6% in the 3rd 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 in the last quarter. Cibc World Markets Corp bought a new position in International Bancshares during the 4th quarter worth approximately $320,000. Vanguard Group Inc. increased its stake in shares of International Bancshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after acquiring an additional 18,408 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of International Bancshares in the 4th quarter valued at $212,000. Finally, Algert Global LLC increased its stake in shares of International Bancshares by 19.0% in the 4th quarter. Algert Global LLC now owns 138,562 shares of the bank's stock valued at $8,752,000 after acquiring an additional 22,150 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.
International Bancshares Trading Down 0.4%
Shares of NASDAQ:IBOC traded down $0.23 during mid-day trading on Thursday, hitting $62.89. The company had a trading volume of 133,962 shares, compared to its average volume of 254,704. The company has a market capitalization of $3.91 billion, a PE ratio of 9.78 and a beta of 0.83. The firm has a fifty day moving average price of $61.50 and a 200 day moving average price of $64.51. 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 Co. has a one year low of $53.33 and a one year high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The bank reported $1.56 EPS for the quarter. The business had revenue of $198.22 million during the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.
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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