Diversified Trust Co Grows Holdings in International Bancshares Co. (NASDAQ:IBOC)

Diversified Trust Co grew its holdings in International Bancshares Co. (NASDAQ:IBOC) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,929 shares of the bank’s stock after purchasing an additional 956 shares during the period. Diversified Trust Co’s holdings in International Bancshares were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TFO Wealth Partners LLC increased its stake in International Bancshares by 13,325.0% in the fourth 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 period. Strs Ohio increased its stake in shares of International Bancshares by 333.3% during the fourth quarter. Strs Ohio now owns 1,300 shares of the bank’s stock valued at $70,000 after buying an additional 1,000 shares during the period. Inceptionr LLC purchased a new position in shares of International Bancshares during the fourth quarter valued at $208,000. Linscomb & Williams Inc. purchased a new position in shares of International Bancshares during the fourth quarter valued at $221,000. Finally, Olympiad Research LP purchased a new position in shares of International Bancshares during the fourth quarter valued at $237,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Up 1.0 %

Shares of IBOC stock opened at $58.34 on Wednesday. The stock has a market cap of $3.63 billion, a P/E ratio of 8.91 and a beta of 0.89. International Bancshares Co. has a twelve month low of $41.96 and a twelve month high of $61.46. The stock has a 50 day moving average of $57.06 and a 200 day moving average of $54.63. 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 posted its quarterly earnings data on Thursday, May 2nd. The bank reported $1.56 EPS for the quarter. The business had revenue of $205.85 million during the quarter. International Bancshares had a return on equity of 17.50% and a net margin of 40.92%.

Insider Buying and Selling

In related news, Director Antonio R. Sanchez, Jr. sold 30,112 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 1,282,133 shares in the company, valued at $76,607,446.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.