Foundry Partners LLC Makes New $8.94 Million Investment in International Bancshares Co. (NASDAQ:IBOC)

Foundry Partners LLC purchased a new stake in International Bancshares Co. (NASDAQ:IBOC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 149,468 shares of the bank’s stock, valued at approximately $8,937,000. Foundry Partners LLC owned 0.24% of International Bancshares as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after purchasing an additional 306 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of International Bancshares in the 2nd quarter valued at $39,000. LRI Investments LLC acquired a new position in International Bancshares during the 1st quarter worth about $117,000. CWM LLC boosted its holdings in International Bancshares by 5,673.7% during the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after acquiring an additional 2,156 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in International Bancshares in the 3rd quarter valued at about $202,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Down 1.1 %

Shares of NASDAQ:IBOC opened at $69.90 on Thursday. The firm has a market capitalization of $4.35 billion, a PE ratio of 10.87 and a beta of 0.87. International Bancshares Co. has a 1 year low of $44.24 and a 1 year high of $73.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50-day moving average is $63.21 and its two-hundred day moving average is $60.87.

Insider Buying and Selling

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.93% of the stock is owned by insiders.

About International Bancshares

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.