Jacobs Asset Management LLC acquired a new position in International Bancshares Co. (NASDAQ:IBOC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 120,000 shares of the bank's stock, valued at approximately $7,579,000. International Bancshares makes up approximately 4.6% of Jacobs Asset Management LLC's portfolio, making the stock its 8th largest position. Jacobs Asset Management LLC owned approximately 0.19% of International Bancshares as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in IBOC. JPMorgan Chase & Co. grew its stake in shares of International Bancshares by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock valued at $10,483,000 after buying an additional 24,902 shares during the period. Barclays PLC grew its stake in shares of International Bancshares by 86.6% in the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after buying an additional 51,887 shares during the period. Cibc World Markets Corp acquired a new stake in shares of International Bancshares in the 4th quarter valued at about $320,000. Vanguard Group Inc. grew 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 during the period. Finally, Tamar Securities LLC grew its stake in shares of International Bancshares by 1.1% in the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank's stock valued at $38,444,000 after buying an additional 6,532 shares during the period. 65.91% of the stock is owned by institutional investors.
International Bancshares Price Performance
IBOC stock remained flat at $65.26 during mid-day trading on Wednesday. The company's stock had a trading volume of 199,896 shares, compared to its average volume of 255,649. The firm has a market cap of $4.06 billion, a PE ratio of 10.15 and a beta of 0.83. 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 company has a fifty day simple moving average of $61.19 and a 200 day simple moving average of $64.93.
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 (EPS) for the quarter. The business 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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