JPMorgan Chase & Co. grew its holdings in International Bancshares Co. (NASDAQ:IBOC - Free Report) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,330 shares of the bank's stock after buying an additional 24,902 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of International Bancshares worth $10,483,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IBOC. Foundry Partners LLC bought a new position in International Bancshares during the third quarter worth about $8,937,000. Intech Investment Management LLC bought a new position in shares of International Bancshares during the 2nd quarter worth approximately $756,000. Charles Schwab Investment Management Inc. boosted its stake in International Bancshares by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank's stock valued at $119,388,000 after buying an additional 55,406 shares in the last quarter. Stifel Financial Corp bought a new stake in International Bancshares in the third quarter valued at $508,000. Finally, Citigroup Inc. raised its stake in International Bancshares by 18.1% during the third quarter. Citigroup Inc. now owns 77,278 shares of the bank's stock worth $4,620,000 after acquiring an additional 11,834 shares in the last quarter. 65.91% of the stock is owned by institutional investors.
Insider Buying and Selling at International Bancshares
In other news, CEO Dennis E. Nixon sold 34,815 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the sale, the chief executive officer now directly owns 965,185 shares in the company, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 13.93% of the company's stock.
International Bancshares Stock Up 0.4 %
Shares of NASDAQ:IBOC opened at $62.94 on Monday. The company has a market capitalization of $3.92 billion, a PE ratio of 9.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The company's fifty day moving average is $68.37 and its 200-day moving average is $63.77. International Bancshares Co. has a 52 week low of $48.85 and a 52 week high of $76.91.
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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