Russell Investments Group Ltd. decreased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC – Get Rating) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,402 shares of the bank’s stock after selling 449 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of International Bancshares worth $2,261,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of International Bancshares in the first quarter valued at approximately $50,000. Allspring Global Investments Holdings LLC acquired a new position in shares of International Bancshares in the third quarter valued at approximately $52,000. Point72 Hong Kong Ltd acquired a new position in shares of International Bancshares in the first quarter valued at approximately $82,000. Royal Bank of Canada increased its stake in shares of International Bancshares by 326.4% in the third quarter. Royal Bank of Canada now owns 2,452 shares of the bank’s stock valued at $105,000 after buying an additional 1,877 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of International Bancshares in the fourth quarter valued at approximately $139,000. Institutional investors and hedge funds own 65.44% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on International Bancshares in a research note on Thursday. They issued a “hold” rating for the company.
International Bancshares Stock Performance
International Bancshares (NASDAQ:IBOC – Get Rating) last released its earnings results on Thursday, February 23rd. The bank reported $1.69 earnings per share for the quarter. The business had revenue of $205.24 million during the quarter. International Bancshares had a net margin of 43.47% and a return on equity of 16.89%.
About International Bancshares
International Bancshares Corp. is a financial holding company, which provides banking services for commercial, consumer, and international customers of South, Central, and Southeast Texas and the State of Oklahoma. It engages in the business of banking, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans.
- Get a free copy of the StockNews.com research report on International Bancshares (IBOC)
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