Citigroup Inc. Has $4.62 Million Position in International Bancshares Co. (NASDAQ:IBOC)

Citigroup Inc. lifted its holdings in International Bancshares Co. (NASDAQ:IBOC) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,278 shares of the bank’s stock after buying an additional 11,834 shares during the period. Citigroup Inc. owned about 0.12% of International Bancshares worth $4,620,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. raised its holdings in shares of International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after acquiring an additional 306 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in International Bancshares in the 2nd quarter worth about $39,000. CWM LLC grew its stake in shares of International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after buying an additional 2,156 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in International Bancshares in the third quarter worth approximately $202,000. Finally, Virtu Financial LLC bought a new position in International Bancshares during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Insider Buying and Selling at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 965,185 shares of the company’s stock, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.93% of the company’s stock.

International Bancshares Trading Down 0.4 %

Shares of NASDAQ:IBOC opened at $72.82 on Tuesday. International Bancshares Co. has a 1 year low of $46.60 and a 1 year high of $76.91. The firm has a fifty day moving average price of $65.27 and a 200 day moving average price of $61.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.53 billion, a PE ratio of 11.33 and a beta of 0.87.

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.