International Bancshares Co. (NASDAQ:IBOC) Shares Purchased by Algert Global LLC

Algert Global LLC lifted its holdings in International Bancshares Co. (NASDAQ:IBOC) by 8.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,412 shares of the bank’s stock after purchasing an additional 9,418 shares during the period. Algert Global LLC owned approximately 0.19% of International Bancshares worth $6,960,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IBOC. Vanguard Group Inc. grew its holdings in shares of International Bancshares by 2.4% in the first quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock valued at $366,673,000 after purchasing an additional 152,165 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in International Bancshares by 36.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,562 shares of the bank’s stock worth $368,000 after acquiring an additional 1,766 shares in the last quarter. LRI Investments LLC acquired a new position in International Bancshares during the 1st quarter worth approximately $117,000. Price T Rowe Associates Inc. MD grew its holdings in International Bancshares by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,445 shares of the bank’s stock worth $1,878,000 after acquiring an additional 1,935 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in International Bancshares by 73.1% during the 1st quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock worth $2,491,000 after acquiring an additional 18,749 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Trading Up 2.4 %

NASDAQ IBOC opened at $73.40 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 52 week low of $44.24 and a 52 week high of $73.82. The stock has a market capitalization of $4.57 billion, a PE ratio of 11.42 and a beta of 0.87. The firm has a 50 day moving average of $63.90 and a two-hundred day moving average of $61.10.

Insiders Place Their Bets

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.93% of the stock is currently owned by company insiders.

International Bancshares 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.