Victory Capital Management Inc. Buys 14,631 Shares of International Bancshares Corp (IBOC)

Victory Capital Management Inc. boosted its stake in shares of International Bancshares Corp (NASDAQ:IBOC) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 956,441 shares of the bank’s stock after purchasing an additional 14,631 shares during the quarter. Victory Capital Management Inc.’s holdings in International Bancshares were worth $37,971,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBOC. Cubist Systematic Strategies LLC bought a new stake in International Bancshares during the second quarter valued at about $208,000. Amalgamated Bank boosted its position in International Bancshares by 0.9% during the second quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock valued at $274,000 after purchasing an additional 72 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in International Bancshares during the fourth quarter valued at about $285,000. Suntrust Banks Inc. boosted its position in International Bancshares by 0.7% during the second quarter. Suntrust Banks Inc. now owns 9,879 shares of the bank’s stock valued at $346,000 after purchasing an additional 72 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in International Bancshares by 6.4% during the second quarter. Thrivent Financial For Lutherans now owns 11,760 shares of the bank’s stock valued at $412,000 after purchasing an additional 710 shares in the last quarter. 57.39% of the stock is currently owned by institutional investors.

Shares of International Bancshares Corp (NASDAQ:IBOC) opened at $38.35 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $2,623.16, a PE ratio of 17.96 and a beta of 1.46. International Bancshares Corp has a twelve month low of $32.50 and a twelve month high of $42.90.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Wednesday, November 8th. The bank reported $0.59 earnings per share for the quarter. International Bancshares had a return on equity of 8.34% and a net margin of 26.36%.

Separately, BidaskClub raised International Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd.

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.91, for a total value of $11,673,000.00. Following the completion of the sale, the director now owns 1,672,890 shares of the company’s stock, valued at $65,092,149.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 134,900 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $38.86, for a total value of $5,242,214.00. Following the completion of the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at approximately $65,008,505.40. The disclosure for this sale can be found here. 17.93% of the stock is currently owned by company insiders.

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About International Bancshares

International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

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 Corp (NASDAQ:IBOC).

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

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