International Bancshares Corp (IBOC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of International Bancshares Corp (NASDAQ:IBOC) by 585.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,274 shares of the bank’s stock after buying an additional 17,318 shares during the period. SG Americas Securities LLC’s holdings in International Bancshares were worth $771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of International Bancshares in the fourth quarter valued at approximately $30,220,000. Bank of America Corp DE increased its holdings in shares of International Bancshares by 811.1% in the fourth quarter. Bank of America Corp DE now owns 240,980 shares of the bank’s stock valued at $8,290,000 after purchasing an additional 214,530 shares during the period. BlackRock Inc. increased its holdings in shares of International Bancshares by 3.0% in the fourth quarter. BlackRock Inc. now owns 6,602,331 shares of the bank’s stock valued at $227,123,000 after purchasing an additional 192,532 shares during the period. Hsbc Holdings PLC acquired a new position in shares of International Bancshares in the fourth quarter valued at approximately $3,715,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of International Bancshares by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,885,204 shares of the bank’s stock valued at $168,051,000 after purchasing an additional 106,634 shares during the period. 60.59% of the stock is currently owned by institutional investors.

NASDAQ:IBOC opened at $39.97 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of 12.37 and a beta of 1.37. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.34. International Bancshares Corp has a 12-month low of $32.56 and a 12-month high of $47.95.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Wednesday, February 27th. The bank reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $148.00 million for the quarter. International Bancshares had a return on equity of 11.19% and a net margin of 33.47%.

Separately, BidaskClub raised International Bancshares from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 8th.

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About International Bancshares

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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