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

Algert Global LLC grew its stake in International Bancshares Co. (NASDAQ:IBOC) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,412 shares of the bank’s stock after buying an additional 9,418 shares during the period. Algert Global LLC’s holdings in International Bancshares were worth $6,960,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IBOC. American Century Companies Inc. boosted its holdings in shares of International Bancshares by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 993,128 shares of the bank’s stock valued at $56,817,000 after buying an additional 176,334 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of International Bancshares by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock valued at $366,673,000 after buying an additional 152,165 shares in the last quarter. Foundry Partners LLC purchased a new stake in International Bancshares in the 3rd quarter valued at $8,937,000. AQR Capital Management LLC raised its position in International Bancshares by 45.7% in the 2nd quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock valued at $17,983,000 after purchasing an additional 99,164 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in International Bancshares in the 2nd quarter valued at $4,413,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Insider Activity at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the sale, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. This represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.93% of the stock is owned by insiders.

International Bancshares Stock Up 2.4 %

IBOC stock opened at $73.40 on Friday. The company has a fifty day moving average price of $63.90 and a 200 day moving average price of $61.10. International Bancshares Co. has a 12 month low of $44.24 and a 12 month high of $73.82. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 11.42 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

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.