Y Intercept Hong Kong Ltd Takes Position in International Bancshares Co. (NASDAQ:IBOC)

Y Intercept Hong Kong Ltd acquired a new stake in International Bancshares Co. (NASDAQ:IBOC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,756 shares of the bank’s stock, valued at approximately $583,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its stake in International Bancshares by 3.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock worth $336,000 after acquiring an additional 208 shares during the last quarter. Quantinno Capital Management LP lifted its stake in International Bancshares by 4.3% in the third quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock worth $327,000 after acquiring an additional 223 shares during the last quarter. Blue Trust Inc. lifted its stake in International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after acquiring an additional 306 shares during the last quarter. Arizona State Retirement System lifted its stake in International Bancshares by 2.0% in the second quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock worth $896,000 after acquiring an additional 313 shares during the last quarter. Finally, Hancock Whitney Corp lifted its stake in International Bancshares by 1.7% in the third quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock worth $1,137,000 after acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 0.4 %

Shares of International Bancshares stock opened at $69.80 on Friday. International Bancshares Co. has a 52-week low of $48.85 and a 52-week high of $76.91. The company has a 50 day moving average of $67.50 and a 200 day moving average of $62.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.34 billion, a P/E ratio of 10.86 and a beta of 0.90.

Insider Buying and Selling

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the sale, the chief executive officer now owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.93% of the stock is owned by insiders.

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.