Hancock Whitney Corp Purchases 314 Shares of International Bancshares Co. (NASDAQ:IBOC)

Hancock Whitney Corp lifted its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,012 shares of the bank’s stock after acquiring an additional 314 shares during the period. Hancock Whitney Corp’s holdings in International Bancshares were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of International Bancshares by 3.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock worth $336,000 after purchasing an additional 208 shares in the last quarter. Blue Trust Inc. raised its position in International Bancshares by 141.0% in the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares during the last quarter. Arizona State Retirement System raised its position in International Bancshares by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock worth $896,000 after buying an additional 313 shares during the last quarter. Natixis Advisors LLC lifted its stake in International Bancshares by 3.4% during the 2nd quarter. Natixis Advisors LLC now owns 10,509 shares of the bank’s stock valued at $601,000 after acquiring an additional 341 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of International Bancshares by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the bank’s stock valued at $369,000 after acquiring an additional 420 shares during the last quarter. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the sale, the chief executive officer now directly owns 965,185 shares in the company, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.93% of the company’s stock.

International Bancshares Stock Down 1.6 %

IBOC opened at $73.88 on Wednesday. International Bancshares Co. has a twelve month low of $44.24 and a twelve month high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $64.40 and a 200-day moving average price of $61.32. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 11.49 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.