State Street Corp Trims Holdings in International Bancshares Co. (NASDAQ:IBOC)

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

A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of 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 acquiring an additional 176,334 shares during the period. Foundry Partners LLC purchased a new position in shares of International Bancshares during the 3rd quarter worth approximately $8,937,000. AQR Capital Management LLC grew its holdings in shares of International Bancshares by 45.7% during the 2nd quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock worth $17,983,000 after acquiring an additional 99,164 shares during the period. Edgestream Partners L.P. purchased a new position in shares of International Bancshares during the 2nd quarter worth approximately $4,413,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of International Bancshares during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 0.4 %

IBOC stock opened at $69.80 on Friday. International Bancshares Co. has a fifty-two week low of $48.85 and a fifty-two week high of $76.91. The business’s 50 day moving average price is $67.28 and its two-hundred day moving average price is $62.32. 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 company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 10.86 and a beta of 0.90.

Insiders Place Their Bets

In other news, CEO Dennis E. Nixon sold 34,815 shares of the business’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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.