Allspring Global Investments Holdings LLC Makes New Investment in International Bancshares Co. (NASDAQ:IBOC)

Allspring Global Investments Holdings LLC bought a new position in International Bancshares Co. (NASDAQ:IBOC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,683 shares of the bank’s stock, valued at approximately $151,000.

Several other large investors also recently added to or reduced their stakes in IBOC. TFO Wealth Partners LLC grew its position in International Bancshares by 13,325.0% in the fourth quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock worth $29,000 after acquiring an additional 533 shares in the last quarter. Strs Ohio grew its position in International Bancshares by 333.3% in the fourth quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $70,000 after acquiring an additional 1,000 shares in the last quarter. Inceptionr LLC bought a new stake in shares of International Bancshares during the 4th quarter worth $208,000. Linscomb & Williams Inc. bought a new stake in shares of International Bancshares during the 4th quarter worth $221,000. Finally, Olympiad Research LP bought a new stake in shares of International Bancshares during the 4th quarter worth $237,000. 65.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of International Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

Insider Activity at International Bancshares

In related news, Director Antonio R. Sanchez, Jr. sold 30,112 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $59.75, for a total transaction of $1,799,192.00. Following the completion of the transaction, the director now directly owns 1,282,133 shares in the company, valued at approximately $76,607,446.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.93% of the company’s stock.

International Bancshares Price Performance

NASDAQ IBOC opened at $60.95 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $57.18 and a 200 day simple moving average of $54.87. The company has a market cap of $3.79 billion, a P/E ratio of 9.31 and a beta of 0.89. International Bancshares Co. has a 1 year low of $41.96 and a 1 year high of $61.46.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, May 2nd. The bank reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $205.85 million during the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%.

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.