Stifel Financial Corp Makes New Investment in International Bancshares Co. (NASDAQ:IBOC)

Stifel Financial Corp bought a new stake in International Bancshares Co. (NASDAQ:IBOC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,493 shares of the bank’s stock, valued at approximately $508,000.

Several other large investors have also made changes to their positions in the company. CWM LLC boosted its position in International Bancshares by 5,673.7% in the third 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 shares of International Bancshares in the 3rd quarter worth approximately $202,000. Blue Trust Inc. grew its position in International Bancshares by 564.8% during the 3rd quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock worth $199,000 after acquiring an additional 2,954 shares during the last quarter. Versor Investments LP acquired a new stake in International Bancshares during the 3rd quarter valued at $222,000. Finally, Centiva Capital LP bought a new position in International Bancshares in the 3rd quarter valued at $250,000. 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 firm’s stock in a transaction that occurred on 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 completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 13.93% of the company’s stock.

International Bancshares Stock Performance

Shares of NASDAQ:IBOC opened at $64.88 on Friday. The business has a fifty day moving average of $68.14 and a 200-day moving average of $62.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91. The firm has a market cap of $4.04 billion, a PE ratio of 10.09 and a beta of 0.90.

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.