Wellington Management Group LLP cut its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 93.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in International Bancshares in the 4th quarter valued at approximately $88,000. Sterling Capital Management LLC lifted its holdings in shares of International Bancshares by 836.0% during the 4th 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 lifted its holdings in shares of International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after buying an additional 1,086 shares during the period. Cetera Investment Advisers bought a new position in shares of International Bancshares during the 4th quarter valued at $212,000. Finally, GTS Securities LLC bought a new position in shares of International Bancshares during the 4th quarter valued at $234,000. 65.91% of the stock is owned by institutional investors.
International Bancshares Price Performance
NASDAQ IBOC opened at $62.89 on Friday. The business's fifty day moving average price is $61.50 and its 200-day moving average price is $64.51. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.78 and a beta of 0.82. 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 Co. has a 1-year low of $53.33 and a 1-year high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The firm had revenue of $198.22 million for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.
International Bancshares Profile
(
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.
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