Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in International Bancshares Corporation (NASDAQ:IBOC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,962 shares of the bank's stock, valued at approximately $1,133,000.
A number of other institutional investors have also made changes to their positions in IBOC. CENTRAL TRUST Co bought a new position in International Bancshares in the first quarter valued at $63,000. GAMMA Investing LLC boosted its stake in shares of International Bancshares by 183.1% during the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock worth $71,000 after buying an additional 727 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of International Bancshares in the 4th quarter valued at about $88,000. Sterling Capital Management LLC grew its holdings in shares of International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of International Bancshares by 8.9% in the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 65.91% of the company's stock.
International Bancshares Stock Performance
IBOC opened at $67.44 on Friday. The business's 50-day simple moving average is $66.62 and its 200 day simple moving average is $64.40. International Bancshares Corporation has a 52-week low of $54.11 and a 52-week high of $76.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $4.19 billion, a PE ratio of 10.26 and a beta of 0.82.
International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The firm had revenue of $198.22 million for the quarter. International Bancshares had a return on equity of 14.84% and a net margin of 39.30%.
International Bancshares Profile
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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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