Hsbc Holdings PLC Purchases Shares of 107,998 International Bancshares Corp (IBOC)

Hsbc Holdings PLC purchased a new stake in International Bancshares Corp (NASDAQ:IBOC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 107,998 shares of the bank’s stock, valued at approximately $3,715,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in International Bancshares by 3.3% during the third quarter. BlackRock Inc. now owns 6,409,799 shares of the bank’s stock worth $288,440,000 after purchasing an additional 202,735 shares during the last quarter. Vanguard Group Inc boosted its holdings in International Bancshares by 2.3% during the third quarter. Vanguard Group Inc now owns 5,381,184 shares of the bank’s stock worth $242,152,000 after purchasing an additional 119,663 shares during the last quarter. Vanguard Group Inc. boosted its holdings in International Bancshares by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,381,184 shares of the bank’s stock worth $242,152,000 after purchasing an additional 119,663 shares during the last quarter. Morgan Stanley boosted its holdings in International Bancshares by 33.0% during the third quarter. Morgan Stanley now owns 311,530 shares of the bank’s stock worth $14,018,000 after purchasing an additional 77,231 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its holdings in International Bancshares by 6.5% during the third quarter. Polaris Capital Management LLC now owns 1,177,602 shares of the bank’s stock worth $52,992,000 after purchasing an additional 71,997 shares during the last quarter. Institutional investors own 58.44% of the company’s stock.

Shares of IBOC opened at $40.28 on Friday. International Bancshares Corp has a 12 month low of $32.56 and a 12 month high of $47.95. The firm has a market cap of $2.64 billion, a P/E ratio of 12.33 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.45.

Separately, BidaskClub upgraded shares of International Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th.

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International Bancshares Company Profile

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.

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

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