Voya Investment Management LLC lowered its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,507 shares of the bank's stock after selling 5,627 shares during the quarter. Voya Investment Management LLC owned 0.21% of International Bancshares worth $8,306,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in shares of International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock worth $110,000 after buying an additional 1,555 shares in the last quarter. KBC Group NV increased its position in shares of International Bancshares by 71.2% in the 4th quarter. KBC Group NV now owns 2,612 shares of the bank's stock worth $165,000 after purchasing an additional 1,086 shares during the last quarter. Monument Capital Management raised its stake in shares of International Bancshares by 12.1% in the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank's stock valued at $250,000 after purchasing an additional 427 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of International Bancshares during the fourth quarter worth about $320,000. Finally, Blue Trust Inc. grew its stake in International Bancshares by 65.1% in the fourth quarter. Blue Trust Inc. now owns 5,741 shares of the bank's stock worth $343,000 after purchasing an additional 2,264 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.
International Bancshares Stock Up 2.1 %
NASDAQ IBOC traded up $1.31 on Friday, hitting $62.77. 273,355 shares of the stock traded hands, compared to its average volume of 256,340. The company has a market capitalization of $3.91 billion, a P/E ratio of 9.76 and a beta of 0.80. The stock has a 50-day moving average of $61.35 and a 200 day moving average of $64.90. 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 Co. has a twelve month low of $53.33 and a twelve month high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The bank reported $1.85 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.
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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