Y Intercept Hong Kong Ltd Takes $583,000 Position in International Bancshares Co. (NASDAQ:IBOC)

Y Intercept Hong Kong Ltd purchased a new stake in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,756 shares of the bank's stock, valued at approximately $583,000.

A number of other hedge funds also recently modified their holdings of IBOC. American Century Companies Inc. lifted its holdings in International Bancshares by 21.6% during the 2nd quarter. American Century Companies Inc. now owns 993,128 shares of the bank's stock worth $56,817,000 after buying an additional 176,334 shares during the period. Foundry Partners LLC acquired a new position in shares of International Bancshares in the third quarter worth approximately $8,937,000. AQR Capital Management LLC boosted its holdings in 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 acquiring an additional 99,164 shares during the last quarter. Edgestream Partners L.P. bought a new stake in International Bancshares in the second quarter valued at approximately $4,413,000. Finally, Strategic Financial Concepts LLC acquired a new stake in International Bancshares during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.91% of the company's stock.

Insider Activity at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.93% of the stock is owned by corporate insiders.

International Bancshares Trading Down 0.4 %

Shares of IBOC traded down $0.31 during trading hours on Friday, hitting $69.80. 145,750 shares of the stock were exchanged, compared to its average volume of 221,501. International Bancshares Co. has a fifty-two week low of $48.85 and a fifty-two week high of $76.91. The business has a 50-day moving average of $67.50 and a 200-day moving average of $62.49. The firm 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 debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

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.