KBC Group NV Sells 992 Shares of International Bancshares Corporation $IBOC

KBC Group NV lessened its stake in shares of International Bancshares Corporation (NASDAQ:IBOC) by 38.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,620 shares of the bank’s stock after selling 992 shares during the period. KBC Group NV’s holdings in International Bancshares were worth $108,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in International Bancshares in the first quarter valued at approximately $30,000. UMB Bank n.a. boosted its holdings in shares of International Bancshares by 67.3% in the 2nd quarter. UMB Bank n.a. now owns 629 shares of the bank’s stock valued at $42,000 after buying an additional 253 shares during the last quarter. CWM LLC boosted its holdings in shares of International Bancshares by 46.1% in the 2nd quarter. CWM LLC now owns 1,229 shares of the bank’s stock valued at $82,000 after buying an additional 388 shares during the last quarter. United Services Automobile Association bought a new position in shares of International Bancshares in the first quarter valued at $213,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in International Bancshares during the second quarter worth $230,000. 65.91% of the stock is owned by institutional investors and hedge funds.

International Bancshares Stock Performance

Shares of NASDAQ IBOC opened at $66.39 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. International Bancshares Corporation has a 12 month low of $54.11 and a 12 month high of $76.91. The stock has a 50 day moving average of $67.40 and a 200-day moving average of $67.45. The company has a market capitalization of $4.13 billion, a P/E ratio of 10.03 and a beta of 0.82.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Thursday, November 6th. The bank reported $1.74 earnings per share for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.The business had revenue of $218.08 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of International Bancshares in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

International Bancshares 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.