Susquehanna Fundamental Investments LLC bought a new position in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,906 shares of the bank's stock, valued at approximately $310,000.
Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in International Bancshares by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 175,330 shares of the bank's stock worth $10,483,000 after purchasing an additional 24,902 shares during the last quarter. Barclays PLC lifted its stake in shares of International Bancshares by 86.6% in the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after buying an additional 51,887 shares in the last quarter. Cibc World Markets Corp acquired a new position in International Bancshares during the fourth quarter worth about $320,000. Vanguard Group Inc. grew its stake in 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 acquiring an additional 18,408 shares in the last quarter. Finally, Tamar Securities LLC raised its holdings in 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 acquiring an additional 6,532 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Price Performance
Shares of International Bancshares stock traded down $0.25 on Friday, hitting $63.17. 111,832 shares of the company were exchanged, compared to its average volume of 255,331. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $61.07 and a 200 day moving average price of $64.87. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.82 and a beta of 0.83. International Bancshares Co. has a 1-year low of $53.33 and a 1-year high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%. The company had revenue of $198.22 million for the quarter.
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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