Amalgamated Bank Has $1.47 Million Holdings in International Bancshares Co. (NASDAQ:IBOC)

Amalgamated Bank lessened its stake in International Bancshares Co. (NASDAQ:IBOC) by 5.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,570 shares of the bank’s stock after selling 1,417 shares during the quarter. Amalgamated Bank’s holdings in International Bancshares were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBOC. Allspring Global Investments Holdings LLC acquired a new position in shares of International Bancshares in the first quarter valued at approximately $151,000. BNP Paribas Financial Markets boosted its holdings in International Bancshares by 32.0% during the first quarter. BNP Paribas Financial Markets now owns 28,275 shares of the bank’s stock worth $1,587,000 after purchasing an additional 6,858 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in International Bancshares by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 46,709 shares of the bank’s stock worth $2,622,000 after purchasing an additional 605 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in International Bancshares by 9.9% during the first quarter. Russell Investments Group Ltd. now owns 80,955 shares of the bank’s stock worth $4,545,000 after purchasing an additional 7,317 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in International Bancshares by 4.7% during the first quarter. ProShare Advisors LLC now owns 12,262 shares of the bank’s stock worth $688,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Performance

Shares of IBOC opened at $71.85 on Wednesday. International Bancshares Co. has a 12 month low of $43.96 and a 12 month high of $73.82. The firm has a fifty day simple moving average of $62.01 and a 200 day simple moving average of $60.27. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 11.20 and a beta of 0.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

About International Bancshares

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.