iSAM Funds UK Ltd Takes $353,000 Position in International Bancshares Co. (NASDAQ:IBOC)

iSAM Funds UK Ltd purchased a new position in shares of International Bancshares Co. (NASDAQ:IBOC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,590 shares of the bank’s stock, valued at approximately $353,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in International Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock worth $404,674,000 after acquiring an additional 18,408 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in International Bancshares by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,168 shares of the bank’s stock worth $131,257,000 after acquiring an additional 81,386 shares during the period. American Century Companies Inc. lifted its holdings in International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock worth $110,750,000 after acquiring an additional 636,533 shares during the period. First Trust Advisors LP lifted its holdings in International Bancshares by 21.3% during the fourth quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank’s stock worth $91,585,000 after acquiring an additional 255,070 shares during the period. Finally, Boston Trust Walden Corp increased its position in International Bancshares by 11.4% in the fourth quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock worth $89,216,000 after buying an additional 144,684 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Performance

NASDAQ:IBOC opened at $65.19 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day simple moving average of $61.52 and a two-hundred day simple moving average of $65.04. International Bancshares Co. has a 1 year low of $53.33 and a 1 year high of $76.91. The company has a market capitalization of $4.05 billion, a P/E ratio of 10.14 and a beta of 0.83.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%. The business had revenue of $198.22 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.