Voloridge Investment Management LLC Increases Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hancock Whitney Corp grew its position in International Bancshares by 1.5% during the fourth quarter. Hancock Whitney Corp now owns 19,293 shares of the bank's stock valued at $1,219,000 after acquiring an additional 281 shares during the last quarter. Quantinno Capital Management LP grew its position in International Bancshares by 6.1% during the fourth quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank's stock valued at $366,000 after acquiring an additional 331 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of International Bancshares by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank's stock worth $3,428,000 after purchasing an additional 388 shares during the last quarter. Xponance Inc. grew its holdings in shares of International Bancshares by 5.5% in the fourth quarter. Xponance Inc. now owns 7,635 shares of the bank's stock worth $482,000 after purchasing an additional 401 shares during the last quarter. Finally, Monument Capital Management grew its holdings in shares of International Bancshares by 12.1% in the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after purchasing an additional 427 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Trading Down 0.8%

Shares of International Bancshares stock traded down $0.48 on Friday, hitting $62.71. The stock had a trading volume of 281,858 shares, compared to its average volume of 255,838. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 9.75 and a beta of 0.83. The stock's 50-day simple moving average is $61.52 and its two-hundred day simple moving average is $64.69.

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

International Bancshares 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.