Oppenheimer Asset Management Inc. Buys New Shares in International Bancshares Co. (NASDAQ:IBOC)

Oppenheimer Asset Management Inc. acquired a new stake in International Bancshares Co. (NASDAQ:IBOC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,385 shares of the bank’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBOC. Janus Henderson Group PLC boosted its stake in International Bancshares by 73.1% in the 1st quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock worth $2,491,000 after purchasing an additional 18,749 shares in the last quarter. Vident Advisory LLC bought a new stake in International Bancshares during the first quarter valued at about $3,120,000. Strategic Financial Concepts LLC purchased a new position in shares of International Bancshares in the second quarter worth $39,000. Intech Investment Management LLC purchased a new stake in shares of International Bancshares during the 2nd quarter worth approximately $756,000. Finally, Bank of New York Mellon Corp grew its position in International Bancshares by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank’s stock worth $40,991,000 after acquiring an additional 18,852 shares in the last quarter. 65.91% of the stock is owned by institutional investors.

International Bancshares Stock Performance

IBOC stock opened at $69.90 on Thursday. 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 business’s fifty day simple moving average is $63.21 and its two-hundred day simple moving average is $60.87. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 10.87 and a beta of 0.87. International Bancshares Co. has a twelve month low of $44.24 and a twelve month high of $73.82.

Insider Transactions at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.93% of the company’s stock.

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.