Campbell & CO Investment Adviser LLC Acquires New Position in International Bancshares Co. (NASDAQ:IBOC)

Campbell & CO Investment Adviser LLC acquired a new stake in International Bancshares Co. (NASDAQ:IBOCFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,006 shares of the bank’s stock, valued at approximately $706,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBOC. TFO Wealth Partners LLC increased its holdings in International Bancshares by 13,325.0% during the 4th quarter. TFO Wealth Partners LLC now owns 537 shares of the bank’s stock valued at $29,000 after acquiring an additional 533 shares in the last quarter. Strs Ohio increased its holdings in International Bancshares by 333.3% during the 4th quarter. Strs Ohio now owns 1,300 shares of the bank’s stock valued at $70,000 after acquiring an additional 1,000 shares in the last quarter. Covestor Ltd increased its holdings in International Bancshares by 69.9% during the 3rd quarter. Covestor Ltd now owns 2,717 shares of the bank’s stock valued at $118,000 after acquiring an additional 1,118 shares in the last quarter. Inceptionr LLC purchased a new position in International Bancshares during the 4th quarter valued at about $208,000. Finally, Linscomb & Williams Inc. purchased a new position in International Bancshares during the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Insider Transactions at International Bancshares

In other news, Director Antonio R. Sanchez, Jr. sold 30,112 shares of International Bancshares stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $59.75, for a total transaction of $1,799,192.00. Following the completion of the sale, the director now directly owns 1,282,133 shares in the company, valued at $76,607,446.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Antonio R. Sanchez, Jr. sold 30,112 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $59.75, for a total value of $1,799,192.00. Following the completion of the sale, the director now directly owns 1,282,133 shares in the company, valued at $76,607,446.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 1,312,245 shares of the company’s stock, valued at $71,149,923.90. The disclosure for this sale can be found here. Insiders own 13.93% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of International Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

Check Out Our Latest Stock Analysis on International Bancshares

International Bancshares Stock Performance

NASDAQ:IBOC opened at $54.69 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 8.35 and a beta of 0.89. International Bancshares Co. has a twelve month low of $41.96 and a twelve month high of $61.46. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $56.66 and a two-hundred day moving average price of $53.60.

International Bancshares (NASDAQ:IBOCGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The bank reported $1.56 EPS for the quarter. The business had revenue of $205.85 million during the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%.

About International Bancshares

(Free Report)

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.

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

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