International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC trimmed its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,157 shares of the bank’s stock after selling 1,319 shares during the quarter. Capstone Investment Advisors LLC’s holdings in International Bancshares were worth $497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Trust Walden Corp increased its stake in shares of International Bancshares by 77.2% during the fourth quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank’s stock worth $55,434,000 after acquiring an additional 444,674 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of International Bancshares by 777.6% during the third quarter. Qube Research & Technologies Ltd now owns 58,266 shares of the bank’s stock worth $2,525,000 after acquiring an additional 51,627 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of International Bancshares by 1,035.5% during the third quarter. Jupiter Asset Management Ltd. now owns 101,676 shares of the bank’s stock worth $4,407,000 after acquiring an additional 92,722 shares during the period. Linscomb & Williams Inc. acquired a new position in shares of International Bancshares during the fourth quarter worth about $221,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of International Bancshares by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,539,677 shares of the bank’s stock worth $83,635,000 after acquiring an additional 29,818 shares during the period. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $54.22, for a total value of $2,168,800.00. Following the sale, the director now owns 1,312,245 shares of the company’s stock, valued at $71,149,923.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 30,112 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $59.75, for a total value of $1,799,192.00. Following the sale, the director now owns 1,282,133 shares of the company’s stock, valued at $76,607,446.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the completion of the sale, the director now directly owns 1,312,245 shares in the company, valued at approximately $71,149,923.90. The disclosure for this sale can be found here. 13.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of International Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

International Bancshares Stock Up 0.5 %

IBOC stock opened at $56.83 on Friday. The company has a market cap of $3.53 billion, a P/E ratio of 8.68 and a beta of 0.92. International Bancshares Co. has a 52 week low of $41.96 and a 52 week high of $61.46. The company’s 50-day moving average price is $56.66 and its 200 day moving average price is $53.31. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, May 2nd. The bank reported $1.56 EPS for the quarter. The firm had revenue of $205.85 million for the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%.

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.