Hsbc Holdings PLC increased its position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 367.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,770 shares of the bank's stock after buying an additional 14,751 shares during the quarter. Hsbc Holdings PLC's holdings in International Bancshares were worth $1,189,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in IBOC. Sterling Capital Management LLC increased its position 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 worth $110,000 after purchasing an additional 1,555 shares during the last quarter. KBC Group NV raised its stake in shares of International Bancshares by 71.2% in the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock valued at $165,000 after acquiring an additional 1,086 shares during the period. Monument Capital Management lifted its holdings in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank's stock worth $250,000 after acquiring an additional 427 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of International Bancshares during the 4th quarter worth approximately $320,000. Finally, Blue Trust Inc. increased its holdings in International Bancshares by 65.1% in the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock valued at $343,000 after purchasing an additional 2,264 shares during the last quarter. 65.91% of the stock is currently owned by hedge funds and other institutional investors.
International Bancshares Trading Up 0.4 %
NASDAQ:IBOC traded up $0.23 during trading hours on Thursday, reaching $62.43. 16,554 shares of the stock were exchanged, compared to its average volume of 254,404. International Bancshares Co. has a twelve month low of $53.33 and a twelve month high of $76.91. 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 business has a 50-day moving average of $61.12 and a two-hundred day moving average of $64.84. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 9.71 and a beta of 0.83.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its earnings results on Monday, May 5th. The bank reported $1.56 EPS for the quarter. The company had revenue of $198.22 million during the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.
International Bancshares Company 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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