Capstone Investment Advisors LLC Sells 1,319 Shares of International Bancshares Co. (NASDAQ:IBOC)

Capstone Investment Advisors LLC lowered its holdings in shares of International Bancshares Co. (NASDAQ:IBOCFree Report) by 12.6% during the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IBOC. Norges Bank acquired a new stake in International Bancshares during the fourth quarter worth $32,057,000. Boston Trust Walden Corp boosted its stake in 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 buying an additional 444,674 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in 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 buying an additional 92,722 shares in the last quarter. American Century Companies Inc. boosted its stake in International Bancshares by 12.2% during the third quarter. American Century Companies Inc. now owns 570,126 shares of the bank’s stock worth $24,709,000 after buying an additional 62,148 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in International Bancshares by 46.7% during the third quarter. Brandywine Global Investment Management LLC now owns 188,577 shares of the bank’s stock worth $8,173,000 after buying an additional 60,031 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on IBOC

International Bancshares Stock Up 0.5 %

Shares of NASDAQ:IBOC opened at $56.83 on Friday. International Bancshares Co. has a 52 week low of $41.96 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The company’s fifty day moving average is $56.66 and its 200-day moving average is $53.31. The company has a market capitalization of $3.53 billion, a PE ratio of 8.68 and a beta of 0.92.

International Bancshares (NASDAQ:IBOCGet Free Report) last issued its earnings results on Thursday, May 2nd. The bank reported $1.56 EPS 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 $205.85 million for the quarter.

Insider Activity

In other news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $71,149,923.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction of $1,799,192.00. Following the transaction, the director now owns 1,282,133 shares in the company, valued at approximately $76,607,446.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the transaction, the director now 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 corporate insiders.

About International Bancshares

(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.

See Also

Want to see what other hedge funds are holding IBOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Bancshares Co. (NASDAQ:IBOCFree Report).

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

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