Mutual of America Capital Management LLC Has $1.73 Million Stake in International Bancshares Co. (NASDAQ:IBOC)

Mutual of America Capital Management LLC cut its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,908 shares of the bank’s stock after selling 1,709 shares during the quarter. Mutual of America Capital Management LLC’s holdings in International Bancshares were worth $1,728,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. increased its position in International Bancshares by 21.6% during the 2nd quarter. American Century Companies Inc. now owns 993,128 shares of the bank’s stock valued at $56,817,000 after purchasing an additional 176,334 shares during the period. Vanguard Group Inc. raised its stake in International Bancshares by 2.4% during the first quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock worth $366,673,000 after buying an additional 152,165 shares during the last quarter. AQR Capital Management LLC lifted its holdings in International Bancshares by 45.7% in the second quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock valued at $17,983,000 after buying an additional 99,164 shares during the period. Edgestream Partners L.P. acquired a new stake in International Bancshares during the 2nd quarter worth about $4,413,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of International Bancshares during the 2nd quarter valued at about $39,000. Institutional investors own 65.91% of the company’s stock.

Insider Transactions at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the transaction, the chief executive officer now directly owns 965,185 shares in the company, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.93% of the stock is currently owned by insiders.

International Bancshares Stock Up 2.4 %

International Bancshares stock opened at $73.40 on Monday. The company has a market capitalization of $4.57 billion, a PE ratio of 11.42 and a beta of 0.87. International Bancshares Co. has a 12-month low of $44.24 and a 12-month high of $73.82. The firm’s fifty day moving average is $63.90 and its 200 day moving average is $61.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

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.