Commonwealth Equity Services LLC reduced its position in International Bancshares Corp (NASDAQ:IBOC) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,404 shares of the bank’s stock after selling 380 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of International Bancshares worth $1,676,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in shares of International Bancshares in the second quarter worth approximately $26,000. Quantamental Technologies LLC grew its position in International Bancshares by 241.5% during the second quarter. Quantamental Technologies LLC now owns 782 shares of the bank’s stock valued at $29,000 after purchasing an additional 553 shares in the last quarter. Tower Research Capital LLC TRC grew its position in International Bancshares by 459.1% during the second quarter. Tower Research Capital LLC TRC now owns 833 shares of the bank’s stock valued at $31,000 after purchasing an additional 684 shares in the last quarter. WINTON GROUP Ltd purchased a new position in International Bancshares during the second quarter valued at approximately $203,000. Finally, Paloma Partners Management Co purchased a new position in International Bancshares during the second quarter valued at approximately $216,000. 59.77% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on IBOC. BidaskClub raised shares of International Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 24th. ValuEngine downgraded shares of International Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, October 21st.
Shares of International Bancshares stock traded up $0.54 on Wednesday, reaching $42.43. The stock had a trading volume of 185,589 shares, compared to its average volume of 203,888. The business’s 50-day moving average price is $41.67 and its two-hundred day moving average price is $38.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 0.79. International Bancshares Corp has a fifty-two week low of $32.04 and a fifty-two week high of $43.58. The stock has a market cap of $2.77 billion, a P/E ratio of 13.22 and a beta of 1.34.
International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Wednesday, November 6th. The bank reported $0.78 earnings per share for the quarter. International Bancshares had a net margin of 32.56% and a return on equity of 10.52%.
International Bancshares Company Profile
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.
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