International Bancshares Co. (NASDAQ:IBOC) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its position in International Bancshares Co. (NASDAQ:IBOC) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,375 shares of the bank’s stock after selling 3,188 shares during the period. American International Group Inc. owned approximately 0.16% of International Bancshares worth $5,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in shares of International Bancshares by 13,325.0% in the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock worth $29,000 after purchasing an additional 533 shares during the last quarter. Strs Ohio grew its position in International Bancshares by 333.3% in the fourth quarter. Strs Ohio now owns 1,300 shares of the bank’s stock worth $70,000 after buying an additional 1,000 shares during the last quarter. Covestor Ltd increased its holdings in shares of International Bancshares by 69.9% in the third quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock valued at $118,000 after buying an additional 1,118 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of International Bancshares during the 4th quarter valued at $208,000. Finally, Linscomb & Williams Inc. bought a new stake in shares of International Bancshares during the 4th quarter worth $221,000. 65.91% of the stock is owned by institutional investors.

Insider Transactions at International Bancshares

In related news, Director Antonio R. Sanchez, Jr. sold 30,112 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $59.75, for a total transaction of $1,799,192.00. Following the transaction, the director now directly owns 1,282,133 shares of the company’s stock, valued at $76,607,446.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised International Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th.

International Bancshares Price Performance

IBOC stock opened at $55.03 on Friday. International Bancshares Co. has a one year low of $41.96 and a one year high of $61.46. The firm has a 50-day moving average of $56.67 and a two-hundred day moving average of $54.27. The firm has a market capitalization of $3.42 billion, a PE ratio of 8.40 and a beta of 0.89. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, May 2nd. The bank reported $1.56 EPS for the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%. The business had revenue of $205.85 million during the quarter.

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.