GW&K Investment Management LLC Reduces Stock Position in International Bancshares Co. (NASDAQ:IBOC)

GW&K Investment Management LLC cut its stake in International Bancshares Co. (NASDAQ:IBOCFree Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,065 shares of the bank’s stock after selling 3,040 shares during the quarter. GW&K Investment Management LLC owned about 0.13% of International Bancshares worth $4,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strs Ohio boosted its stake in International Bancshares by 333.3% in the 4th quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $70,000 after purchasing an additional 1,000 shares during the period. Allspring Global Investments Holdings LLC grew its stake in International Bancshares by 37.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,596 shares of the bank’s stock valued at $113,000 after acquiring an additional 711 shares in the last quarter. Covestor Ltd increased its holdings in International Bancshares by 69.9% during the 3rd quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock worth $118,000 after acquiring an additional 1,118 shares during the period. Inceptionr LLC purchased a new stake in International Bancshares in the 4th quarter worth approximately $208,000. Finally, Vest Financial LLC bought a new position in International Bancshares in the 4th quarter valued at $254,000. 65.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on International Bancshares

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $58.37 on Thursday. The stock’s 50-day simple moving average is $56.23 and its two-hundred day simple moving average is $52.78. International Bancshares Co. has a twelve month low of $41.96 and a twelve month high of $61.46. The firm has a market capitalization of $3.63 billion, a P/E ratio of 8.91 and a beta of 0.92. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05.

International Bancshares (NASDAQ:IBOCGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The bank reported $1.71 earnings per share for the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%. The company had revenue of $211.03 million for the quarter.

Insider Transactions at International Bancshares

In other news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of International Bancshares stock in a transaction on 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 of the company’s stock, valued at approximately $71,149,923.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.93% of the company’s stock.

International Bancshares Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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