Legal & General Group Plc lifted its position in International Bancshares Corp (NASDAQ:IBOC) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,755 shares of the bank’s stock after buying an additional 3,156 shares during the quarter. Legal & General Group Plc owned approximately 0.07% of International Bancshares worth $1,919,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of IBOC. Dimensional Fund Advisors LP raised its holdings in shares of International Bancshares by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,489,486 shares of the bank’s stock valued at $157,358,000 after buying an additional 131,467 shares during the period. Prudential Financial Inc. raised its holdings in shares of International Bancshares by 11.9% in the 3rd quarter. Prudential Financial Inc. now owns 909,644 shares of the bank’s stock valued at $36,476,000 after buying an additional 96,750 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of International Bancshares by 258.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 103,479 shares of the bank’s stock valued at $4,150,000 after buying an additional 74,613 shares during the period. Context BH Capital Management LP raised its holdings in shares of International Bancshares by 26.4% in the 2nd quarter. Context BH Capital Management LP now owns 274,702 shares of the bank’s stock valued at $9,628,000 after buying an additional 57,452 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of International Bancshares by 41.7% in the 3rd quarter. American Century Companies Inc. now owns 169,366 shares of the bank’s stock valued at $6,792,000 after buying an additional 49,844 shares during the period. Hedge funds and other institutional investors own 57.00% of the company’s stock.
Separately, BidaskClub upgraded International Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd.
In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.91, for a total transaction of $11,673,000.00. Following the sale, the director now owns 1,672,890 shares in the company, valued at approximately $65,092,149.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Antonio R. Sanchez, Jr. sold 134,900 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $38.86, for a total value of $5,242,214.00. Following the transaction, the director now directly owns 1,672,890 shares of the company’s stock, valued at $65,008,505.40. The disclosure for this sale can be found here. 17.93% of the stock is owned by corporate insiders.
Shares of International Bancshares Corp (NASDAQ:IBOC) opened at $42.05 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68. International Bancshares Corp has a 1-year low of $32.50 and a 1-year high of $42.90. The stock has a market capitalization of $2,780.00, a price-to-earnings ratio of 19.03 and a beta of 1.50.
International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Wednesday, November 8th. The bank reported $0.59 earnings per share for the quarter. International Bancshares had a return on equity of 8.34% and a net margin of 26.36%.
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International Bancshares Company Profile
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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