International Bancshares Co. (NASDAQ:IBOC) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 99.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,294 shares of the bank's stock after purchasing an additional 27,573 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.09% of International Bancshares worth $3,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in International Bancshares in the first quarter valued at $151,000. State of Michigan Retirement System grew its holdings in shares of International Bancshares by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 13,112 shares of the bank's stock worth $736,000 after purchasing an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in International Bancshares by 31.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,298 shares of the bank's stock worth $2,375,000 after purchasing an additional 10,150 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in International Bancshares by 32.0% in the first quarter. BNP Paribas Financial Markets now owns 28,275 shares of the bank's stock valued at $1,587,000 after buying an additional 6,858 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in International Bancshares by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 46,709 shares of the bank's stock valued at $2,622,000 after buying an additional 605 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Trading Down 0.3 %

Shares of International Bancshares stock traded down $0.19 during trading hours on Monday, hitting $61.64. The company's stock had a trading volume of 178,995 shares, compared to its average volume of 219,739. The business has a fifty day moving average of $61.29 and a 200 day moving average of $59.71. International Bancshares Co. has a 1-year low of $43.89 and a 1-year high of $69.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.83 billion, a PE ratio of 9.53 and a beta of 0.87.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $1.56 earnings per share (EPS) for the quarter. The firm had revenue of $207.75 million during the quarter. International Bancshares had a return on equity of 16.66% and a net margin of 39.64%.

International Bancshares Profile

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.