Northern Trust Corp Buys 79,814 Shares of International Bancshares Co. (NASDAQ:IBOC)

Northern Trust Corp grew its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 844,517 shares of the bank's stock after acquiring an additional 79,814 shares during the period. Northern Trust Corp owned 1.36% of International Bancshares worth $53,340,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of International Bancshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after buying an additional 18,408 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of International Bancshares by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank's stock valued at $131,257,000 after purchasing an additional 81,386 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after purchasing an additional 636,533 shares during the last quarter. First Trust Advisors LP raised its position in shares of International Bancshares by 21.3% in the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after acquiring an additional 255,070 shares during the period. Finally, Boston Trust Walden Corp raised its position in shares of International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank's stock valued at $89,216,000 after acquiring an additional 144,684 shares during the period. 65.91% of the stock is owned by institutional investors.

International Bancshares Stock Up 3.9%

Shares of NASDAQ IBOC traded up $2.47 during midday trading on Monday, reaching $65.64. The company's stock had a trading volume of 84,285 shares, compared to its average volume of 254,658. 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 fifty-two week low of $53.33 and a fifty-two week high of $76.91. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 10.22 and a beta of 0.83. The stock has a 50 day simple moving average of $61.07 and a 200-day simple moving average of $64.90.

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