Occudo Quantitative Strategies LP Acquires Shares of 5,796 International Bancshares Co. (NASDAQ:IBOC)

Occudo Quantitative Strategies LP acquired a new stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,796 shares of the bank's stock, valued at approximately $366,000.

Several other large investors also recently bought and sold shares of the company. Millennium Management LLC grew its position in International Bancshares by 1,883.6% in the fourth quarter. Millennium Management LLC now owns 346,185 shares of the bank's stock valued at $21,865,000 after acquiring an additional 328,733 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in International Bancshares by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,786 shares of the bank's stock valued at $1,944,000 after acquiring an additional 1,208 shares in the last quarter. Jacobs Asset Management LLC acquired a new stake in International Bancshares in the fourth quarter valued at approximately $7,579,000. Janus Henderson Group PLC grew its position in International Bancshares by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank's stock valued at $3,428,000 after acquiring an additional 388 shares in the last quarter. Finally, Deutsche Bank AG grew its position in International Bancshares by 34.6% in the fourth quarter. Deutsche Bank AG now owns 69,871 shares of the bank's stock valued at $4,413,000 after acquiring an additional 17,971 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Stock Performance

International Bancshares stock opened at $65.66 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 10.21 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. The stock has a 50 day moving average of $61.36 and a 200-day moving average of $64.95. International Bancshares Co. has a 52 week low of $53.33 and a 52 week high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its earnings results on Monday, May 5th. The bank reported $1.56 EPS for the quarter. The company 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

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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