State Street Corp Lowers Position in International Bancshares Co. (NASDAQ:IBOC)

State Street Corp decreased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,562,924 shares of the bank's stock after selling 10,247 shares during the period. State Street Corp owned 4.12% of International Bancshares worth $153,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. grew its stake in International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank's stock worth $29,000 after purchasing an additional 306 shares during the period. Strategic Financial Concepts LLC bought a new stake in International Bancshares during the second quarter worth about $39,000. CWM LLC grew its holdings in International Bancshares by 5,673.7% in the third quarter. CWM LLC now owns 2,194 shares of the bank's stock worth $131,000 after purchasing an additional 2,156 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of International Bancshares during the third quarter valued at approximately $202,000. Finally, Versor Investments LP purchased a new position in shares of International Bancshares during the third quarter valued at approximately $222,000. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Stock Down 0.4 %

Shares of International Bancshares stock traded down $0.31 during midday trading on Friday, hitting $69.80. The company had a trading volume of 145,750 shares, compared to its average volume of 221,501. International Bancshares Co. has a 52-week low of $48.85 and a 52-week high of $76.91. 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 stock has a market capitalization of $4.34 billion, a P/E ratio of 10.86 and a beta of 0.90. The company has a 50 day moving average of $67.28 and a 200 day moving average of $62.32.

Insider Transactions at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 965,185 shares of the company's stock, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.93% of the company's stock.

International Bancshares Company 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.