Azora Capital LP lifted its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,453 shares of the bank's stock after purchasing an additional 60,573 shares during the quarter. International Bancshares comprises about 2.9% of Azora Capital LP's portfolio, making the stock its 14th biggest position. Azora Capital LP owned approximately 1.46% of International Bancshares worth $54,137,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of International Bancshares by 141.0% in the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank's stock worth $29,000 after purchasing an additional 306 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of International Bancshares in the 2nd quarter worth $39,000. CWM LLC boosted its position in shares of International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank's stock worth $131,000 after purchasing an additional 2,156 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in International Bancshares during the 3rd quarter worth about $202,000. Finally, Virtu Financial LLC acquired a new position in shares of International Bancshares in the 1st quarter valued at about $218,000. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Stock Performance
Shares of IBOC stock traded down $0.31 on Monday, hitting $72.82. The company had a trading volume of 245,672 shares, compared to its average volume of 222,459. The firm has a market cap of $4.53 billion, a P/E ratio of 11.37 and a beta of 0.87. The company has a 50-day moving average price of $65.03 and a 200-day moving average price of $61.59. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a twelve month low of $46.60 and a twelve month high of $76.91.
Insider Activity
In related news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the transaction, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.93% of the company's stock.
International Bancshares Company Profile
(
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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