Russell Investments Group Ltd. lowered its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,638 shares of the bank's stock after selling 14,651 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of International Bancshares worth $4,000,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in International Bancshares by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,373,927 shares of the bank's stock valued at $276,246,000 after buying an additional 32,145 shares during the period. North Reef Capital Management LP grew its stake in shares of 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 worth $71,511,000 after acquiring an additional 39,938 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of International Bancshares by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,509,859 shares of the bank's stock worth $65,437,000 after acquiring an additional 42,156 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of International Bancshares by 77.2% in the 4th quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank's stock worth $55,434,000 after buying an additional 444,674 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in shares of International Bancshares by 10.3% in the 4th quarter. Reinhart Partners LLC. now owns 621,602 shares of the bank's stock worth $33,765,000 after buying an additional 57,944 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Trading Down 0.5 %
Shares of NASDAQ:IBOC traded down $0.30 during midday trading on Friday, hitting $59.88. 168,033 shares of the stock traded hands, compared to its average volume of 243,792. International Bancshares Co. has a one year low of $40.59 and a one year high of $60.99. The stock has a market capitalization of $3.72 billion, a PE ratio of 9.14 and a beta of 0.92. The business's 50 day moving average is $55.25 and its two-hundred day moving average is $51.97. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The bank reported $1.71 earnings per share for the quarter. The company had revenue of $211.03 million during the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%.
Insider Buying and Selling at International Bancshares
In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $54.22, for a total value 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 filing with the SEC, which is available through this link. 14.45% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of International Bancshares from a "sell" rating to a "hold" rating in a report on Saturday.
Check Out Our Latest Research Report on IBOC
About International Bancshares
(
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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