Los Angeles Capital Management LLC Decreases Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Los Angeles Capital Management LLC lessened its stake in International Bancshares Co. (NASDAQ:IBOC) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,839 shares of the bank’s stock after selling 210 shares during the period. Los Angeles Capital Management LLC’s holdings in International Bancshares were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of International Bancshares by 141.0% in the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after buying an additional 306 shares in the last quarter. LRI Investments LLC acquired a new stake in International Bancshares in the first quarter valued at approximately $117,000. CWM LLC grew its holdings in International Bancshares by 5,673.7% in the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after purchasing an additional 2,156 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of International Bancshares during the first quarter worth $151,000. Finally, Covestor Ltd lifted its holdings in shares of International Bancshares by 14.4% during the 1st quarter. Covestor Ltd now owns 3,369 shares of the bank’s stock valued at $189,000 after purchasing an additional 424 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 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. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 13.93% of the company’s stock.

International Bancshares Stock Down 1.3 %

International Bancshares stock opened at $70.89 on Friday. International Bancshares Co. has a 1-year low of $44.24 and a 1-year high of $73.82. The business has a fifty day moving average price of $62.80 and a 200-day moving average price of $60.64. 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 stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.02 and a beta of 0.87.

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.