International Bancshares Co. (NASDAQ:IBOC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $73.82 and last traded at $73.60, with a volume of 8678 shares. The stock had previously closed at $73.08.
International Bancshares Trading Down 1.5 %
The company has a 50-day moving average price of $62.01 and a 200-day moving average price of $60.27. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 11.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of International Bancshares by 141.0% in 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. LRI Investments LLC acquired a new stake in shares of International Bancshares in the 1st quarter valued at about $117,000. CWM LLC boosted its position in shares of International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank's stock valued at $131,000 after purchasing an additional 2,156 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of International Bancshares in the 1st quarter valued at about $151,000. Finally, Covestor Ltd boosted its position in shares of International Bancshares by 14.4% in the 1st quarter. Covestor Ltd now owns 3,369 shares of the bank's stock valued at $189,000 after purchasing an additional 424 shares during the period. 65.91% of the stock is owned by institutional investors and hedge funds.
About International Bancshares
(
Get 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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