International Bancshares (NASDAQ:IBOC) Sets New 12-Month High at $56.89

International Bancshares Co. (NASDAQ:IBOC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $56.89 and last traded at $56.68, with a volume of 31404 shares trading hands. The stock had previously closed at $55.65.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of International Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, January 4th.

International Bancshares Trading Up 2.7 %

The company has a fifty day simple moving average of $53.98 and a two-hundred day simple moving average of $51.03. The company has a market capitalization of $3.55 billion, a P/E ratio of 8.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.70 and a quick ratio of 0.70.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The bank reported $1.71 EPS for the quarter. International Bancshares had a return on equity of 18.32% and a net margin of 42.45%. The business had revenue of $211.03 million for the quarter.

Insider Activity

In related news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the completion of the sale, the director now directly owns 1,312,245 shares of the company's stock, valued at approximately $71,149,923.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 14.45% of the company's stock.

Hedge Funds Weigh In On International Bancshares

Institutional investors have recently made changes to their positions in the business. Boston Trust Walden Corp grew its holdings in International Bancshares by 77.2% in the 4th quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank's stock valued at $55,434,000 after buying an additional 444,674 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of International Bancshares by 777.6% in the third quarter. Qube Research & Technologies Ltd now owns 58,266 shares of the bank's stock worth $2,525,000 after acquiring an additional 51,627 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in International Bancshares by 1,035.5% during the third quarter. Jupiter Asset Management Ltd. now owns 101,676 shares of the bank's stock worth $4,407,000 after acquiring an additional 92,722 shares during the period. American Century Companies Inc. raised its stake in International Bancshares by 12.2% during the 3rd quarter. American Century Companies Inc. now owns 570,126 shares of the bank's stock valued at $24,709,000 after purchasing an additional 62,148 shares during the last quarter. Finally, North Reef Capital Management LP boosted its holdings in International Bancshares by 2.5% in the 3rd quarter. North Reef Capital Management LP now owns 1,650,000 shares of the bank's stock valued at $71,511,000 after purchasing an additional 39,938 shares during the period. 65.91% of the stock is currently owned by institutional investors.

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.