International Bancshares Co. (NASDAQ:IBOC) Shares Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lifted its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 6.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,647 shares of the bank’s stock after buying an additional 487 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in International Bancshares were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBOC. O Shaughnessy Asset Management LLC grew its stake in International Bancshares by 36.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,562 shares of the bank’s stock worth $368,000 after acquiring an additional 1,766 shares during the period. Price T Rowe Associates Inc. MD increased its stake in International Bancshares by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,445 shares of the bank’s stock valued at $1,878,000 after purchasing an additional 1,935 shares during the last quarter. Janus Henderson Group PLC increased its stake in International Bancshares by 73.1% in the first quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock valued at $2,491,000 after purchasing an additional 18,749 shares during the last quarter. Virtu Financial LLC purchased a new position in International Bancshares during the first quarter worth about $218,000. Finally, LRI Investments LLC acquired a new stake in International Bancshares in the 1st quarter worth about $117,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Trading Down 1.6 %

NASDAQ IBOC opened at $73.88 on Wednesday. The company has a market cap of $4.60 billion, a P/E ratio of 11.49 and a beta of 0.87. International Bancshares Co. has a 12 month low of $44.24 and a 12 month high of $76.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $64.40 and a 200-day moving average of $61.32.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.93% of the stock is owned by 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.