Wellington Management Group LLP Sells 391,262 Shares of International Bancshares Co. (NASDAQ:IBOC)

Wellington Management Group LLP reduced its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 93.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,387 shares of the bank's stock after selling 391,262 shares during the quarter. Wellington Management Group LLP's holdings in International Bancshares were worth $1,603,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IBOC. Point72 Asset Management L.P. purchased a new stake in shares of International Bancshares during the 4th quarter valued at $88,000. Sterling Capital Management LLC grew its position in International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after buying an additional 1,555 shares during the period. KBC Group NV increased its holdings in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after buying an additional 1,086 shares during the last quarter. Cetera Investment Advisers bought a new stake in International Bancshares in the fourth quarter worth about $212,000. Finally, GTS Securities LLC purchased a new position in International Bancshares in the fourth quarter valued at about $234,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Performance

Shares of IBOC stock traded up $0.37 during trading hours on Monday, hitting $64.88. 140,005 shares of the company were exchanged, compared to its average volume of 254,668. The firm has a fifty day simple moving average of $61.59 and a 200 day simple moving average of $64.32. 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 stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.09 and a beta of 0.82.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its earnings results 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 business 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.