Nationwide Fund Advisors Sells 8,098 Shares of International Bancshares Corporation (IBOC)
Nationwide Fund Advisors lessened its stake in International Bancshares Corporation (NASDAQ:IBOC) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 152,528 shares of the bank’s stock after selling 8,098 shares during the quarter. Nationwide Fund Advisors owned 0.23% of International Bancshares worth $6,116,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of International Bancshares in the 2nd quarter valued at about $418,000. Polaris Capital Management LLC boosted its stake in shares of International Bancshares by 1.6% in the 2nd quarter. Polaris Capital Management LLC now owns 849,405 shares of the bank’s stock valued at $29,772,000 after buying an additional 13,600 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of International Bancshares by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 126,279 shares of the bank’s stock valued at $4,426,000 after buying an additional 1,411 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of International Bancshares in the 2nd quarter valued at about $208,000. Finally, State Street Corp boosted its stake in shares of International Bancshares by 2.1% in the 2nd quarter. State Street Corp now owns 2,216,366 shares of the bank’s stock valued at $77,684,000 after buying an additional 45,743 shares during the period. Institutional investors and hedge funds own 57.00% of the company’s stock.
Separately, BidaskClub raised International Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd.
In other news, VP R David Guerra sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $91,675.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Antonio R. Sanchez, Jr. sold 134,900 shares of International Bancshares stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $38.86, for a total value of $5,242,214.00. Following the transaction, the director now directly owns 1,672,890 shares in the company, valued at approximately $65,008,505.40. The disclosure for this sale can be found here. Insiders have sold a total of 437,400 shares of company stock worth $17,006,889 in the last three months. Corporate insiders own 17.93% of the company’s stock.
Shares of International Bancshares Corporation (IBOC) opened at $39.85 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Corporation has a 12-month low of $32.50 and a 12-month high of $42.90. The firm has a market capitalization of $2,626.46, a PE ratio of 17.99 and a beta of 1.51.
International Bancshares (NASDAQ:IBOC) last issued its earnings results on Wednesday, November 8th. The bank reported $0.59 earnings per share for the quarter. International Bancshares had a return on equity of 8.34% and a net margin of 26.36%.
About International Bancshares
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.
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