Cetera Investment Advisers Purchases New Holdings in International Bancshares Co. (NASDAQ:IBOC)

Cetera Investment Advisers acquired a new stake in International Bancshares Co. (NASDAQ:IBOC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,357 shares of the bank’s stock, valued at approximately $212,000.

A number of other hedge funds also recently bought and sold shares of IBOC. American Century Companies Inc. raised its holdings in International Bancshares by 57.0% in the 4th quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock valued at $110,750,000 after acquiring an additional 636,533 shares during the last quarter. Norges Bank acquired a new stake in International Bancshares in the 4th quarter valued at about $39,913,000. First Trust Advisors LP raised its holdings in International Bancshares by 21.3% in the 4th quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank’s stock valued at $91,585,000 after acquiring an additional 255,070 shares during the last quarter. Boston Trust Walden Corp raised its holdings in International Bancshares by 11.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock valued at $89,216,000 after acquiring an additional 144,684 shares during the last quarter. Finally, Denali Advisors LLC raised its holdings in International Bancshares by 2,051.6% in the 4th quarter. Denali Advisors LLC now owns 101,016 shares of the bank’s stock valued at $6,380,000 after acquiring an additional 96,321 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Stock Down 0.8%

IBOC stock opened at $62.71 on Monday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 9.75 and a beta of 0.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a 12 month low of $53.33 and a 12 month high of $76.91. The firm has a 50-day moving average of $61.52 and a two-hundred day moving average of $64.64.

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

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.