Vident Advisory LLC Sells 8,143 Shares of International Bancshares Co. (NASDAQ:IBOC)

Vident Advisory LLC reduced its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 67.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,890 shares of the bank's stock after selling 8,143 shares during the period. Vident Advisory LLC's holdings in International Bancshares were worth $246,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IBOC. Barclays PLC increased its holdings in International Bancshares by 86.6% during the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after buying an additional 51,887 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in International Bancshares by 49.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,925 shares of the bank's stock valued at $501,000 after acquiring an additional 2,607 shares in the last quarter. Blue Trust Inc. grew its stake in International Bancshares by 65.1% during the fourth quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock valued at $343,000 after acquiring an additional 2,264 shares in the last quarter. KBC Group NV lifted its position in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in International Bancshares by 27.9% during the fourth quarter. Pacer Advisors Inc. now owns 9,997 shares of the bank's stock valued at $631,000 after purchasing an additional 2,183 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Trading Up 2.0%

Shares of IBOC traded up $1.24 during mid-day trading on Tuesday, reaching $63.98. The company's stock had a trading volume of 179,995 shares, compared to its average volume of 255,256. The stock has a market cap of $3.98 billion, a PE ratio of 9.95 and a beta of 0.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 52 week low of $53.33 and a 52 week high of $76.91. The company's fifty day moving average price is $61.50 and its two-hundred day moving average price is $64.58.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share 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

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.