International Bancshares Co. (NASDAQ:IBOC) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in International Bancshares Co. (NASDAQ:IBOC) by 7.3% in the third quarter, HoldingsChannel.com reports. The fund owned 6,188 shares of the bank’s stock after buying an additional 420 shares during the period. State of Alaska Department of Revenue’s holdings in International Bancshares were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of International Bancshares by 12.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,605 shares of the bank’s stock worth $1,940,000 after buying an additional 3,554 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in International Bancshares by 3.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock valued at $336,000 after acquiring an additional 208 shares during the period. Vest Financial LLC boosted its position in International Bancshares by 19.9% in the 3rd quarter. Vest Financial LLC now owns 24,271 shares of the bank’s stock worth $1,451,000 after purchasing an additional 4,022 shares in the last quarter. Blue Trust Inc. boosted its position in International Bancshares by 564.8% in the 3rd quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock worth $199,000 after purchasing an additional 2,954 shares in the last quarter. Finally, Tamar Securities LLC grew its stake in shares of International Bancshares by 7.0% during the 3rd quarter. Tamar Securities LLC now owns 602,142 shares of the bank’s stock worth $36,002,000 after purchasing an additional 39,234 shares during the period. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Up 1.6 %

IBOC stock opened at $71.10 on Friday. International Bancshares Co. has a one year low of $43.89 and a one year high of $73.11. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s fifty day moving average is $61.81 and its 200 day moving average is $60.10. The firm has a market cap of $4.42 billion, a PE ratio of 11.06 and a beta of 0.87.

International Bancshares 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.