Charles Schwab Investment Management Inc. grew its stake in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,996,782 shares of the bank's stock after acquiring an additional 55,406 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.21% of International Bancshares worth $119,388,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in 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 buying an additional 306 shares in the last quarter. LRI Investments LLC bought a new stake in shares of International Bancshares in the first quarter worth approximately $117,000. CWM LLC grew its stake in shares of 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 acquiring an additional 2,156 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the third quarter valued at approximately $202,000. Finally, Versor Investments LP bought a new position in International Bancshares during the third quarter valued at approximately $222,000. 65.91% of the stock is owned by hedge funds and other institutional investors.
International Bancshares Stock Performance
NASDAQ:IBOC traded down $1.23 during trading hours on Tuesday, reaching $73.88. The company had a trading volume of 246,478 shares, compared to its average volume of 223,222. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 11.68 and a beta of 0.87. 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 firm's 50 day moving average price is $64.17 and its 200-day moving average price is $61.22. International Bancshares Co. has a 52 week low of $44.24 and a 52 week high of $76.91.
Insider Activity at International Bancshares
In related news, CEO Dennis E. Nixon sold 34,815 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares of the company's stock, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.93% of the stock is owned by company insiders.
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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