Yousif Capital Management LLC Decreases Position in International Bancshares Corporation (NASDAQ:IBOC)

Yousif Capital Management LLC decreased its stake in International Bancshares Corporation (NASDAQ:IBOC) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,237 shares of the bank’s stock after selling 502 shares during the quarter. Yousif Capital Management LLC’s holdings in International Bancshares were worth $1,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hancock Whitney Corp lifted its stake in International Bancshares by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 19,293 shares of the bank’s stock worth $1,219,000 after purchasing an additional 281 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of International Bancshares by 6.1% in the fourth quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank’s stock worth $366,000 after buying an additional 331 shares during the period. Janus Henderson Group PLC raised its holdings in shares of International Bancshares by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank’s stock worth $3,428,000 after buying an additional 388 shares during the period. Xponance Inc. lifted its stake in shares of International Bancshares by 5.5% during the 4th quarter. Xponance Inc. now owns 7,635 shares of the bank’s stock worth $482,000 after acquiring an additional 401 shares during the last quarter. Finally, Monument Capital Management boosted its holdings in International Bancshares by 12.1% during the 4th quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock valued at $250,000 after acquiring an additional 427 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

IBOC stock opened at $61.70 on Wednesday. International Bancshares Corporation has a twelve month low of $54.11 and a twelve month high of $76.91. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 9.39 and a beta of 0.82. The business’s fifty day simple moving average is $62.31 and its two-hundred day simple moving average is $63.97. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.05.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Monday, May 5th. The bank reported $1.56 EPS for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%. The firm had revenue of $198.22 million for the quarter.

International Bancshares 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.