International Bancshares Co. (NASDAQ:IBOC) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 120.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,828 shares of the bank's stock after acquiring an additional 44,785 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.13% of International Bancshares worth $5,168,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after purchasing an additional 18,408 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in International Bancshares by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank's stock valued at $131,257,000 after buying an additional 81,386 shares during the last quarter. American Century Companies Inc. raised its stake in International Bancshares by 57.0% in the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after buying an additional 636,533 shares during the last quarter. First Trust Advisors LP raised its stake in International Bancshares by 21.3% in the fourth quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after buying an additional 255,070 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock valued at $89,216,000 after buying an additional 144,684 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

Shares of International Bancshares stock traded down $0.37 during midday trading on Friday, hitting $62.83. The company had a trading volume of 82,672 shares, compared to its average volume of 255,349. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 9.77 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $61.61 and a 200 day simple moving average of $64.87. International Bancshares Co. has a 12-month low of $53.33 and a 12-month high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%. The firm had revenue of $198.22 million during the quarter.

About International Bancshares

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.