Algert Global LLC raised its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,412 shares of the bank's stock after acquiring an additional 9,418 shares during the quarter. Algert Global LLC owned approximately 0.19% of International Bancshares worth $6,960,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of IBOC. Vanguard Group Inc. boosted its holdings in International Bancshares by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank's stock worth $366,673,000 after buying an additional 152,165 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in International Bancshares by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank's stock valued at $119,388,000 after acquiring an additional 55,406 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of International Bancshares by 1.3% during the second quarter. Boston Trust Walden Corp now owns 1,476,460 shares of the bank's stock worth $84,468,000 after acquiring an additional 18,362 shares during the last quarter. American Century Companies Inc. increased its position in International Bancshares by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 993,128 shares of the bank's stock valued at $56,817,000 after acquiring an additional 176,334 shares during the period. Finally, Bank of New York Mellon Corp raised its position in International Bancshares by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank's stock worth $40,991,000 after buying an additional 18,852 shares during the last quarter. Institutional investors own 65.91% of the company's stock.
Insiders Place Their Bets
In related news, CEO Dennis E. Nixon sold 34,815 shares of the 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 directly owns 965,185 shares in the company, valued at $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 13.93% of the company's stock.
International Bancshares Trading Up 2.4 %
Shares of International Bancshares stock traded up $1.74 during trading hours on Friday, reaching $73.40. The stock had a trading volume of 390,448 shares, compared to its average volume of 218,239. 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 1 year low of $44.24 and a 1 year high of $73.82. The firm has a 50 day simple moving average of $63.90 and a two-hundred day simple moving average of $61.11. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 11.42 and a beta of 0.87.
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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