Mercer Global Advisors Inc. ADV boosted its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 120.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,171 shares of the bank's stock after buying an additional 57,009 shares during the period. Mercer Global Advisors Inc. ADV owned 0.17% of International Bancshares worth $6,579,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of International Bancshares by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock valued at $10,483,000 after acquiring an additional 24,902 shares during the period. Barclays PLC boosted its stake in International Bancshares by 86.6% during the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank's stock valued at $6,686,000 after purchasing an additional 51,887 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of International Bancshares during the 4th quarter valued at $320,000. Vanguard Group Inc. increased its position in shares of International Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank's stock valued at $404,674,000 after purchasing an additional 18,408 shares during the period. Finally, Tamar Securities LLC raised 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 worth $38,444,000 after buying an additional 6,532 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Price Performance
IBOC stock traded down $0.25 during trading hours on Friday, hitting $63.17. 111,832 shares of the stock traded hands, compared to its average volume of 255,331. The stock has a 50-day simple moving average of $61.07 and a 200 day simple moving average of $64.87. The company has a market cap of $3.93 billion, a P/E ratio of 9.82 and a beta of 0.83. International Bancshares Co. has a one year low of $53.33 and a one year high of $76.91. 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 (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The company had revenue of $198.22 million during the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.
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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