International Bancshares Corporation $IBOC Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 546,235 shares of the bank’s stock after buying an additional 70,287 shares during the quarter. ProShare Advisors LLC owned about 0.88% of International Bancshares worth $36,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CSM Advisors LLC purchased a new position in shares of International Bancshares during the 2nd quarter worth about $9,198,000. Campbell & CO Investment Adviser LLC acquired a new position in International Bancshares during the second quarter worth approximately $271,000. Convergence Financial LLC increased its position in International Bancshares by 82.0% during the second quarter. Convergence Financial LLC now owns 7,442 shares of the bank’s stock worth $495,000 after purchasing an additional 3,352 shares during the last quarter. Bank of New York Mellon Corp raised its stake in International Bancshares by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 483,869 shares of the bank’s stock worth $32,206,000 after purchasing an additional 1,547 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of International Bancshares by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 65,320 shares of the bank’s stock valued at $4,348,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of International Bancshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, International Bancshares currently has a consensus rating of “Buy”.

International Bancshares Stock Down 2.0%

IBOC opened at $65.83 on Tuesday. International Bancshares Corporation has a 1 year low of $54.11 and a 1 year high of $76.91. The firm has a 50 day moving average price of $68.49 and a 200 day moving average price of $67.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $4.09 billion, a PE ratio of 9.94 and a beta of 0.82.

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

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.