Diversified Trust Co Boosts Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Diversified Trust Co grew its holdings in International Bancshares Co. (NASDAQ:IBOC) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,529 shares of the bank’s stock after acquiring an additional 1,974 shares during the quarter. Diversified Trust Co’s holdings in International Bancshares were worth $1,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natixis Advisors LLC increased its stake in International Bancshares by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 10,509 shares of the bank’s stock worth $601,000 after buying an additional 341 shares during the period. Arizona State Retirement System raised its stake in shares of International Bancshares by 2.0% during the second quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock valued at $896,000 after acquiring an additional 313 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of International Bancshares in the second quarter valued at approximately $39,000. Quest Partners LLC grew its stake in International Bancshares by 1,129,300.0% in the second quarter. Quest Partners LLC now owns 11,294 shares of the bank’s stock worth $646,000 after purchasing an additional 11,293 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in International Bancshares by 20.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 56,089 shares of the bank’s stock worth $3,209,000 after purchasing an additional 9,380 shares during the period. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Trading Up 0.5 %

Shares of NASDAQ IBOC opened at $63.90 on Thursday. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91. The business has a fifty day simple moving average of $68.28 and a two-hundred day simple moving average of $63.59. The firm has a market cap of $3.97 billion, a PE ratio of 9.94 and a beta of 0.93. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

Insider Activity at International Bancshares

In other news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction on 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 directly owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 13.93% of the stock is currently owned by corporate insiders.

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.