International Bancshares Corporation (NASDAQ:IBOC) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,667 shares of the bank’s stock after purchasing an additional 1,741 shares during the period. Principal Financial Group Inc. owned 0.25% of International Bancshares worth $9,753,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in shares of International Bancshares in the first quarter valued at about $63,000. GAMMA Investing LLC increased its holdings in International Bancshares by 183.1% in the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock worth $71,000 after buying an additional 727 shares during the period. Point72 Asset Management L.P. acquired a new position in International Bancshares in the 4th quarter worth approximately $88,000. Sterling Capital Management LLC raised its position in International Bancshares by 836.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank’s stock worth $110,000 after buying an additional 1,555 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in International Bancshares by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank’s stock valued at $171,000 after acquiring an additional 222 shares during the period. 65.91% of the stock is owned by institutional investors and hedge funds.

International Bancshares Stock Up 1.3%

NASDAQ:IBOC opened at $70.26 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.73 and a quick ratio of 0.73. The company’s fifty day moving average price is $65.08 and its 200-day moving average price is $63.83. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91. The firm has a market capitalization of $4.37 billion, a P/E ratio of 10.69 and a beta of 0.82.

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

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.