International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in International Bancshares Co. (NASDAQ:IBOC) by 57.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,517 shares of the bank’s stock after selling 40,538 shares during the period. Jane Street Group LLC’s holdings in International Bancshares were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IBOC. Barclays PLC raised its position in shares of International Bancshares by 86.6% during the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank’s stock worth $6,686,000 after acquiring an additional 51,887 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of International Bancshares by 11.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,274 shares of the bank’s stock worth $396,000 after acquiring an additional 649 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of International Bancshares by 49.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,925 shares of the bank’s stock worth $501,000 after acquiring an additional 2,607 shares in the last quarter. Blue Trust Inc. raised its position in shares of International Bancshares by 65.1% during the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank’s stock worth $343,000 after acquiring an additional 2,264 shares in the last quarter. Finally, KBC Group NV raised its position in shares of International Bancshares by 71.2% during the 4th quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after acquiring an additional 1,086 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $65.21 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a fifty-two week low of $53.33 and a fifty-two week high of $76.91. The firm has a market capitalization of $4.05 billion, a PE ratio of 10.14 and a beta of 0.83. The stock’s 50-day simple moving average is $61.44 and its 200-day simple moving average is $64.99.

International Bancshares (NASDAQ:IBOC) last issued its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%. The business had revenue of $198.22 million for the quarter.

International Bancshares Company Profile

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.