Centiva Capital LP Buys New Holdings in International Bancshares Co. (NASDAQ:IBOC)

Centiva Capital LP acquired a new stake in shares of International Bancshares Co. (NASDAQ:IBOC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,186 shares of the bank’s stock, valued at approximately $250,000.

Several other large investors have also made changes to their positions in IBOC. Foundry Partners LLC acquired a new position in International Bancshares during the third quarter valued at $8,937,000. Strategic Financial Concepts LLC acquired a new position in shares of International Bancshares in the 2nd quarter valued at about $39,000. Intech Investment Management LLC purchased a new stake in shares of International Bancshares in the second quarter worth about $756,000. Charles Schwab Investment Management Inc. grew its holdings in International Bancshares by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank’s stock worth $119,388,000 after acquiring an additional 55,406 shares during the period. Finally, Citigroup Inc. raised its position in International Bancshares by 18.1% during the third quarter. Citigroup Inc. now owns 77,278 shares of the bank’s stock valued at $4,620,000 after acquiring an additional 11,834 shares in the last quarter. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Trading Up 1.1 %

Shares of NASDAQ:IBOC opened at $71.28 on Thursday. The company has a market capitalization of $4.43 billion, a PE ratio of 11.09 and a beta of 0.90. International Bancshares Co. has a 12-month low of $48.85 and a 12-month high of $76.91. The business has a 50 day moving average of $67.02 and a two-hundred day moving average of $62.27. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04.

Insider Activity at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the transaction, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.93% of the company’s stock.

About International Bancshares

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.