International Bancshares Co. (NASDAQ:IBOC) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in shares of International Bancshares Co. (NASDAQ:IBOCGet Rating) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,400 shares of the bank’s stock after buying an additional 7,100 shares during the quarter. Swiss National Bank’s holdings in International Bancshares were worth $5,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of International Bancshares by 9.4% during the 1st quarter. Wellington Management Group LLP now owns 3,303,161 shares of the bank’s stock worth $139,427,000 after purchasing an additional 284,432 shares during the period. State Street Corp raised its position in shares of International Bancshares by 12.2% during the 1st quarter. State Street Corp now owns 2,566,311 shares of the bank’s stock worth $108,324,000 after purchasing an additional 279,303 shares during the period. Goldman Sachs Group Inc. raised its position in shares of International Bancshares by 22.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 825,170 shares of the bank’s stock worth $34,830,000 after purchasing an additional 151,474 shares during the period. Victory Capital Management Inc. raised its position in shares of International Bancshares by 257.1% during the 1st quarter. Victory Capital Management Inc. now owns 197,352 shares of the bank’s stock worth $7,853,000 after purchasing an additional 142,090 shares during the period. Finally, Jacobs Asset Management LLC acquired a new stake in shares of International Bancshares during the 1st quarter worth approximately $5,276,000. Institutional investors and hedge funds own 79.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on International Bancshares in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

International Bancshares Stock Performance

Shares of IBOC stock opened at $52.08 on Friday. International Bancshares Co. has a 12-month low of $38.00 and a 12-month high of $53.71. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.43 and a beta of 1.00. The business has a 50 day simple moving average of $47.32 and a 200 day simple moving average of $43.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.76 and a quick ratio of 0.76.

International Bancshares Company Profile

(Get Rating)

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services.

Further Reading

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

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