Barclays PLC lifted its position in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 86.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,823 shares of the bank's stock after acquiring an additional 51,887 shares during the quarter. Barclays PLC owned 0.18% of International Bancshares worth $6,686,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in International Bancshares by 141.0% during the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank's stock valued at $29,000 after purchasing an additional 306 shares during the period. Strategic Financial Concepts LLC purchased a new position in International Bancshares during the second quarter valued at approximately $39,000. CWM LLC raised its stake in International Bancshares by 5,673.7% in the third quarter. CWM LLC now owns 2,194 shares of the bank's stock worth $131,000 after buying an additional 2,156 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in International Bancshares during the third quarter worth $202,000. Finally, Versor Investments LP bought a new stake in International Bancshares during the 3rd quarter valued at $222,000. 65.91% of the stock is owned by hedge funds and other institutional investors.
International Bancshares Stock Down 1.9 %
Shares of IBOC traded down $1.24 during trading hours on Thursday, hitting $62.86. The company had a trading volume of 427,786 shares, compared to its average volume of 224,233. 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 company has a market capitalization of $3.91 billion, a PE ratio of 9.78 and a beta of 0.90. International Bancshares Co. has a one year low of $48.85 and a one year high of $76.91. The company's fifty day moving average price is $67.99 and its two-hundred day moving average price is $62.66.
Insider Buying and Selling at International Bancshares
In other news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the sale, the chief executive officer now owns 965,185 shares in the company, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.93% of the stock is owned by insiders.
International Bancshares 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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