International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Fmr LLC

Fmr LLC lessened its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 98.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,295 shares of the bank’s stock after selling 268,997 shares during the period. Fmr LLC’s holdings in International Bancshares were worth $197,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Foundry Partners LLC purchased a new stake in International Bancshares in the third quarter valued at about $8,937,000. Strategic Financial Concepts LLC purchased a new position in shares of International Bancshares in the 2nd quarter valued at approximately $39,000. Intech Investment Management LLC acquired a new stake in International Bancshares in the 2nd quarter worth approximately $756,000. Charles Schwab Investment Management Inc. grew its position in International Bancshares by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank’s stock worth $119,388,000 after purchasing an additional 55,406 shares during the last quarter. Finally, Citigroup Inc. increased its stake in International Bancshares by 18.1% during the 3rd quarter. Citigroup Inc. now owns 77,278 shares of the bank’s stock valued at $4,620,000 after purchasing an additional 11,834 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Trading Up 2.3 %

NASDAQ IBOC opened at $64.31 on Friday. International Bancshares Co. has a 12-month low of $48.85 and a 12-month high of $76.91. The company has a fifty day simple moving average of $68.11 and a two-hundred day simple moving average of $62.77. 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 cap of $4.00 billion, a P/E ratio of 10.00 and a beta of 0.90.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the sale, the chief executive officer now owns 965,185 shares in the company, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their position. The transaction 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 insiders.

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.