International Bancshares Co. (NASDAQ:IBOC) Position Trimmed by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 0.8% in the 3rd quarter, Holdings Channel reports. The firm owned 57,890 shares of the bank’s stock after selling 493 shares during the quarter. MetLife Investment Management LLC’s holdings in International Bancshares were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of International Bancshares by 3.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock valued at $336,000 after acquiring an additional 208 shares during the period. Blue Trust Inc. boosted its holdings in shares of International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after acquiring an additional 306 shares during the period. Arizona State Retirement System lifted its holdings in International Bancshares by 2.0% in the second quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock worth $896,000 after purchasing an additional 313 shares during the period. Hancock Whitney Corp lifted its holdings in International Bancshares by 1.7% in the third quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock worth $1,137,000 after purchasing an additional 314 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in International Bancshares by 3.4% in the second quarter. Natixis Advisors LLC now owns 10,509 shares of the bank’s stock worth $601,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Performance

IBOC stock opened at $72.07 on Wednesday. The company has a market capitalization of $4.48 billion, a P/E ratio of 11.21 and a beta of 0.90. The company has a 50-day simple moving average of $65.51 and a 200 day simple moving average of $61.75. International Bancshares Co. has a fifty-two week low of $46.60 and a fifty-two week high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In related news, CEO Dennis E. Nixon sold 34,815 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the sale, the chief executive officer now owns 965,185 shares of the company’s stock, valued at $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 13.93% of the company’s stock.

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.