Victory Capital Management Inc. Lowers Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Victory Capital Management Inc. decreased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,537 shares of the bank’s stock after selling 3,807 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of International Bancshares worth $3,500,000 at the end of the most recent reporting period.

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

International Bancshares Stock Performance

NASDAQ:IBOC opened at $73.40 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a 1-year low of $44.24 and a 1-year high of $73.82. The firm has a 50-day moving average of $63.90 and a two-hundred day moving average of $61.10. The stock has a market cap of $4.57 billion, a P/E ratio of 11.42 and a beta of 0.87.

Insider Transactions at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $69,667,053.30. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.93% of the company’s stock.

About International Bancshares

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.