782,555 Shares in International Bancshares Co. (NASDAQ:IBOC) Purchased by Norges Bank


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Norges Bank bought a new position in shares of International Bancshares Co. (NASDAQ:IBOC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 782,555 shares of the bank’s stock, valued at approximately $29,299,000. Norges Bank owned 1.24% of International Bancshares as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC acquired a new position in International Bancshares during the fourth quarter worth about $223,000. Capital Advisors Inc. OK purchased a new position in International Bancshares in the 4th quarter worth about $262,000. Xponance Inc. acquired a new stake in International Bancshares during the 4th quarter worth about $275,000. Exchange Traded Concepts LLC acquired a new stake in International Bancshares during the 4th quarter worth about $316,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of International Bancshares during the 4th quarter valued at about $392,000. 59.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Bancshares stock opened at $45.57 on Wednesday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 17.26 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.82. International Bancshares Co. has a 52-week low of $24.00 and a 52-week high of $53.06. The stock has a 50-day simple moving average of $47.87 and a 200-day simple moving average of $38.61.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings results on Thursday, February 25th. The bank reported $0.76 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 7.99% and a net margin of 28.55%. The business had revenue of $131.12 million during the quarter.

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, February 17th. Shareholders of record on Friday, February 5th were given a $0.55 dividend. This represents a yield of 2.6%. The ex-dividend date was Thursday, February 4th.

International Bancshares Company Profile

International Bancshares Corporation, a multibank 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 services.

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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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