Comerica Bank Decreases Stake in International Bancshares Co. (NASDAQ:IBOC)

Comerica Bank lessened its stake in International Bancshares Co. (NASDAQ:IBOC) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,830 shares of the bank’s stock after selling 813 shares during the quarter. Comerica Bank’s holdings in International Bancshares were worth $1,000,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank’s stock valued at $110,000 after buying an additional 1,555 shares during the period. KBC Group NV raised its position in shares of International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after acquiring an additional 1,086 shares in the last quarter. Monument Capital Management raised its position in shares of International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after acquiring an additional 427 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Bancshares during the 4th quarter worth about $310,000. Finally, Cibc World Markets Corp acquired a new stake in shares of International Bancshares during the 4th quarter worth about $320,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $65.14 on Tuesday. The firm has a market capitalization of $4.05 billion, a PE ratio of 10.13 and a beta of 0.83. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91. The stock’s 50-day simple moving average is $61.12 and its 200-day simple moving average is $64.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

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

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.