Context BH Capital Management LP cut its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,790 shares of the bank’s stock after selling 3,912 shares during the quarter. International Bancshares Corporation makes up approximately 3.6% of Context BH Capital Management LP’s portfolio, making the stock its 5th largest holding. Context BH Capital Management LP owned 0.41% of International Bancshares Corporation worth $10,859,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IBOC. BNP Paribas Arbitrage SA lifted its stake in shares of International Bancshares Corporation by 258.5% during the third 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. Prudential Financial Inc. lifted its stake in shares of International Bancshares Corporation by 11.9% during the third 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. American Century Companies Inc. lifted its stake in shares of International Bancshares Corporation by 41.7% during the third 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. Foundry Partners LLC lifted its stake in shares of International Bancshares Corporation by 7.5% during the third quarter. Foundry Partners LLC now owns 373,898 shares of the bank’s stock valued at $14,993,000 after buying an additional 26,232 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of International Bancshares Corporation during the second quarter valued at approximately $418,000. Institutional investors and hedge funds own 55.47% of the company’s stock.

Separately, BidaskClub downgraded shares of International Bancshares Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.

Shares of International Bancshares Corporation (IBOC) traded up $0.25 on Monday, hitting $38.40. 159,000 shares of the company traded hands, compared to its average volume of 187,550. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2,537.26, a P/E ratio of 17.38 and a beta of 1.52. International Bancshares Corporation has a fifty-two week low of $32.50 and a fifty-two week high of $42.35.

International Bancshares Corporation (NASDAQ:IBOC) last posted its quarterly earnings results on Wednesday, November 8th. The bank reported $0.59 earnings per share for the quarter. International Bancshares Corporation had a net margin of 26.36% and a return on equity of 8.34%.

The business also recently declared a semiannual dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.33 per share. This represents a yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 28th. International Bancshares Corporation’s dividend payout ratio is currently 29.86%.

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In other International Bancshares Corporation news, Director Antonio R. Sanchez, Jr. sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $36.24, for a total transaction of $724,800.00. Following the transaction, the director now owns 1,672,890 shares of the company’s stock, valued at $60,625,533.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP R David Guerra sold 2,500 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $91,675.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,500 shares of company stock worth $2,629,475. 17.93% of the stock is currently owned by insiders.

About International Bancshares Corporation

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.

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

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