Hennion & Walsh Asset Management Inc. Increases Position in International Bancshares Co. (NASDAQ:IBOC)

Hennion & Walsh Asset Management Inc. boosted its holdings in International Bancshares Co. (NASDAQ:IBOC) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,274 shares of the bank’s stock after purchasing an additional 649 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in International Bancshares were worth $396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC raised its stake in shares of International Bancshares by 5,673.7% during the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after acquiring an additional 2,156 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in International Bancshares in the third quarter worth approximately $202,000. Blue Trust Inc. boosted its holdings in International Bancshares by 564.8% in the third quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock worth $199,000 after purchasing an additional 2,954 shares during the last quarter. Versor Investments LP bought a new position in International Bancshares in the third quarter worth approximately $222,000. Finally, Centiva Capital LP bought a new position in International Bancshares in the third quarter worth approximately $250,000. 65.91% of the stock is owned by institutional investors.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction 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 transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at $69,667,053.30. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 13.93% of the stock is currently owned by corporate insiders.

International Bancshares Stock Up 1.1 %

Shares of IBOC stock opened at $66.71 on Wednesday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.37 and a beta of 0.93. International Bancshares Co. has a one year low of $48.85 and a one year high of $76.91. The company’s fifty day moving average price is $68.00 and its 200-day moving average price is $64.11. 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 (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $1.60 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

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.