Thrivent Financial for Lutherans Raises Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Thrivent Financial for Lutherans grew its position in International Bancshares Co. (NASDAQ:IBOC) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,595 shares of the bank’s stock after acquiring an additional 575 shares during the quarter. Thrivent Financial for Lutherans’ holdings in International Bancshares were worth $813,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBOC. Blue Trust Inc. increased its holdings in shares of International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after purchasing an additional 306 shares during the period. CWM LLC lifted its stake in shares of International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after acquiring an additional 2,156 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of International Bancshares during the third quarter worth about $202,000. Versor Investments LP purchased a new position in International Bancshares during the third quarter worth about $222,000. Finally, Virtu Financial LLC acquired a new stake in International Bancshares in the first quarter valued at about $218,000. 65.91% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Stock Down 1.0 %

International Bancshares stock opened at $72.07 on Wednesday. The stock’s 50 day moving average price is $65.51 and its 200 day moving average price is $61.75. International Bancshares Co. has a 1-year low of $46.60 and a 1-year high of $76.91. The company has a market cap of $4.48 billion, a PE ratio of 11.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

Insider Buying and Selling at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.93% of the stock is currently owned by corporate insiders.

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.