Tamar Securities LLC Has $38.44 Million Holdings in International Bancshares Co. (NASDAQ:IBOC)

Tamar Securities LLC increased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 608,674 shares of the bank's stock after acquiring an additional 6,532 shares during the quarter. International Bancshares makes up about 5.3% of Tamar Securities LLC's holdings, making the stock its 3rd largest position. Tamar Securities LLC owned about 0.98% of International Bancshares worth $38,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IBOC. Foundry Partners LLC bought a new stake in shares of International Bancshares in the 3rd quarter worth approximately $8,937,000. AQR Capital Management LLC raised its stake in shares of International Bancshares by 45.7% in the second quarter. AQR Capital Management LLC now owns 316,260 shares of the bank's stock valued at $17,983,000 after buying an additional 99,164 shares during the period. Azora Capital LP lifted its position in shares of International Bancshares by 7.2% during the 3rd quarter. Azora Capital LP now owns 905,453 shares of the bank's stock valued at $54,137,000 after buying an additional 60,573 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 55,406 shares during the period. Finally, Barclays PLC increased its stake in shares of International Bancshares by 86.6% in the third quarter. Barclays PLC now owns 111,823 shares of the bank's stock worth $6,686,000 after purchasing an additional 51,887 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Stock Performance

Shares of IBOC stock traded down $1.33 during trading on Friday, reaching $65.93. 313,850 shares of the company's stock traded hands, compared to its average volume of 227,294. International Bancshares Co. has a 1 year low of $48.85 and a 1 year high of $76.91. The company has a market capitalization of $4.10 billion, a P/E ratio of 10.25 and a beta of 0.93. 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 is $67.34 and its 200 day moving average is $64.47.

International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The bank reported $1.60 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

Insider Activity

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.93% of the stock is owned by company insiders.

About International Bancshares

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.