Separately, ValuEngine cut shares of International Bancshares from a hold rating to a sell rating in a report on Tuesday, July 2nd.
NASDAQ:IBOC opened at $33.27 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $2.21 billion, a PE ratio of 10.52 and a beta of 1.32. The business has a 50 day moving average of $36.49. International Bancshares has a 12 month low of $32.50 and a 12 month high of $47.95.
A number of institutional investors have recently added to or reduced their stakes in IBOC. Quantamental Technologies LLC grew its position in shares of International Bancshares by 241.5% during the 2nd quarter. Quantamental Technologies LLC now owns 782 shares of the bank’s stock valued at $29,000 after purchasing an additional 553 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of International Bancshares by 459.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 833 shares of the bank’s stock valued at $31,000 after purchasing an additional 684 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of International Bancshares during the 2nd quarter valued at $203,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of International Bancshares during the 1st quarter valued at $207,000. Finally, Capital Advisors Inc. OK purchased a new position in shares of International Bancshares during the 2nd quarter valued at $264,000. Institutional investors and hedge funds own 59.63% of the company’s stock.
About International Bancshares
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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