BNP Paribas Financial Markets Grows Stock Position in International Bancshares Co. (NASDAQ:IBOC)

BNP Paribas Financial Markets increased its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 111.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,769 shares of the bank's stock after acquiring an additional 12,002 shares during the quarter. BNP Paribas Financial Markets' holdings in International Bancshares were worth $1,361,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Foundry Partners LLC bought a new position in shares of International Bancshares in the 3rd quarter worth about $8,937,000. Strategic Financial Concepts LLC bought a new stake in International Bancshares in the second quarter worth approximately $39,000. Intech Investment Management LLC acquired a new position in International Bancshares in the second quarter valued at approximately $756,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of International Bancshares by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank's stock worth $119,388,000 after buying an additional 55,406 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of International Bancshares by 18.1% during the 3rd quarter. Citigroup Inc. now owns 77,278 shares of the bank's stock worth $4,620,000 after buying an additional 11,834 shares during the period. 65.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the transaction, the chief executive officer now directly owns 965,185 shares of the company's stock, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.93% of the company's stock.

International Bancshares Trading Down 1.7 %

Shares of NASDAQ:IBOC traded down $1.25 during mid-day trading on Monday, hitting $70.70. The company had a trading volume of 164,682 shares, compared to its average volume of 221,753. The company has a market capitalization of $4.40 billion, a PE ratio of 11.00 and a beta of 0.90. International Bancshares Co. has a one year low of $48.62 and a one year high of $76.91. The firm has a fifty day moving average price of $66.49 and a 200 day moving average price of $62.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

International Bancshares 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.