Vest Financial LLC increased its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 32.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 50,785 shares of the bank's stock after purchasing an additional 12,387 shares during the quarter. Vest Financial LLC owned approximately 0.08% of International Bancshares worth $3,203,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in shares of International Bancshares by 8.9% in the first quarter. Rhumbline Advisers now owns 206,708 shares of the bank's stock worth $13,035,000 after purchasing an additional 16,924 shares during the period. Summit Global Investments acquired a new stake in International Bancshares in the 1st quarter valued at approximately $328,000. GAMMA Investing LLC lifted its holdings in shares of International Bancshares by 17,753.7% during the first quarter. GAMMA Investing LLC now owns 70,879 shares of the bank's stock worth $44,700,000 after buying an additional 70,482 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of International Bancshares by 231.3% in the fourth quarter. Mackenzie Financial Corp now owns 12,747 shares of the bank's stock valued at $805,000 after acquiring an additional 8,899 shares during the period. Finally, GTS Securities LLC acquired a new stake in shares of International Bancshares in the fourth quarter worth $234,000. Institutional investors own 65.91% of the company's stock.
International Bancshares Stock Performance
IBOC stock traded up $0.99 on Tuesday, reaching $65.87. 145,776 shares of the company were exchanged, compared to its average volume of 254,515. The firm has a market capitalization of $4.09 billion, a PE ratio of 10.24 and a beta of 0.82. International Bancshares Co. has a 12 month low of $53.33 and a 12 month high of $76.91. The stock's fifty day moving average price is $61.75 and its 200 day moving average price is $64.33. 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 (NASDAQ:IBOC - Get Free Report) last released its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%. The business 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.
Read More
Before you consider International Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Bancshares wasn't on the list.
While International Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
