Summit Global Investments bought a new position in International Bancshares Co. (NASDAQ:IBOC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,195 shares of the bank's stock, valued at approximately $328,000.
Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of International Bancshares by 17,753.7% in the 1st quarter. GAMMA Investing LLC now owns 70,879 shares of the bank's stock worth $44,700,000 after acquiring an additional 70,482 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of International Bancshares by 231.3% in the 4th quarter. Mackenzie Financial Corp now owns 12,747 shares of the bank's stock worth $805,000 after acquiring an additional 8,899 shares in the last quarter. GTS Securities LLC bought a new position in shares of International Bancshares in the 4th quarter worth approximately $234,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of International Bancshares by 35.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,687 shares of the bank's stock worth $10,338,000 after acquiring an additional 42,436 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of International Bancshares by 120.9% in the 4th quarter. Voloridge Investment Management LLC now owns 81,828 shares of the bank's stock worth $5,168,000 after acquiring an additional 44,785 shares in the last quarter. Institutional investors own 65.91% of the company's stock.
International Bancshares Stock Down 1.1%
IBOC stock traded down $0.69 on Wednesday, reaching $63.29. 71,071 shares of the company traded hands, compared to its average volume of 254,548. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. 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 cap of $3.93 billion, a P/E ratio of 9.84 and a beta of 0.83. The firm has a fifty day simple moving average of $61.50 and a 200-day simple moving average of $64.58.
International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share 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 during the quarter.
About International Bancshares
(
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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