Federated Hermes Inc. Sells 619 Shares of International Bancshares Co. (NASDAQ:IBOC)

Federated Hermes Inc. lessened its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,695 shares of the bank’s stock after selling 619 shares during the quarter. Federated Hermes Inc.’s holdings in International Bancshares were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of IBOC. Boston Trust Walden Corp lifted its position in International Bancshares by 77.2% during the fourth quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank’s stock valued at $55,434,000 after purchasing an additional 444,674 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of International Bancshares by 777.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 58,266 shares of the bank’s stock valued at $2,525,000 after buying an additional 51,627 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of International Bancshares by 1,035.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 101,676 shares of the bank’s stock valued at $4,407,000 after buying an additional 92,722 shares in the last quarter. American Century Companies Inc. grew its stake in shares of International Bancshares by 12.2% during the 3rd quarter. American Century Companies Inc. now owns 570,126 shares of the bank’s stock valued at $24,709,000 after acquiring an additional 62,148 shares during the period. Finally, North Reef Capital Management LP raised its stake in International Bancshares by 2.5% during the 3rd quarter. North Reef Capital Management LP now owns 1,650,000 shares of the bank’s stock worth $71,511,000 after acquiring an additional 39,938 shares during the period. Institutional investors own 65.91% of the company’s stock.

Insider Activity at International Bancshares

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $54.22, for a total transaction of $2,168,800.00. Following the transaction, the director now owns 1,312,245 shares in the company, valued at $71,149,923.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 14.45% of the stock is currently owned by insiders.

International Bancshares Price Performance

NASDAQ:IBOC opened at $59.42 on Friday. The stock has a market cap of $3.69 billion, a PE ratio of 9.07 and a beta of 0.92. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $54.39 and its two-hundred day simple moving average is $51.29. International Bancshares Co. has a 52 week low of $39.10 and a 52 week high of $59.54.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Monday, February 26th. The bank reported $1.71 EPS for the quarter. International Bancshares had a return on equity of 17.89% and a net margin of 40.92%. The company had revenue of $211.03 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of International Bancshares from a “hold” rating to a “sell” rating in a research report on Friday.

About International Bancshares

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.