Intech Investment Management LLC Increases Stake in International Bancshares Co. (NASDAQ:IBOC)

Intech Investment Management LLC increased its holdings in International Bancshares Co. (NASDAQ:IBOC) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,238 shares of the bank’s stock after purchasing an additional 1,018 shares during the quarter. Intech Investment Management LLC’s holdings in International Bancshares were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of International Bancshares by 73.1% in the first quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock worth $2,491,000 after buying an additional 18,749 shares during the period. Strategic Financial Concepts LLC purchased a new position in International Bancshares in the 2nd quarter worth approximately $39,000. Bank of New York Mellon Corp lifted its position in International Bancshares by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank’s stock valued at $40,991,000 after purchasing an additional 18,852 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of International Bancshares by 45.7% during the second quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock valued at $17,983,000 after purchasing an additional 99,164 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of International Bancshares in the second quarter worth approximately $4,413,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Insider Activity

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 13.93% of the company’s stock.

International Bancshares Trading Down 1.3 %

NASDAQ:IBOC opened at $72.91 on Friday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 11.34 and a beta of 0.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $64.80 and a 200 day moving average of $61.48. International Bancshares Co. has a 52 week low of $44.24 and a 52 week high of $76.91.

International Bancshares Company 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.