Bank of New York Mellon Corp Decreases Stock Holdings in International Bancshares Corporation (NASDAQ:IBOC)

Bank of New York Mellon Corp lessened its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 482,322 shares of the bank’s stock after selling 15,128 shares during the period. Bank of New York Mellon Corp owned 0.78% of International Bancshares worth $30,415,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IBOC. Bessemer Group Inc. boosted its holdings in International Bancshares by 8.9% in the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank’s stock worth $171,000 after acquiring an additional 222 shares in the last quarter. Hancock Whitney Corp lifted its stake in International Bancshares by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 19,293 shares of the bank’s stock worth $1,219,000 after acquiring an additional 281 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of International Bancshares by 6.1% in the 4th quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank’s stock valued at $366,000 after acquiring an additional 331 shares during the last quarter. Diversified Trust Co grew its stake in International Bancshares by 2.0% during the 1st quarter. Diversified Trust Co now owns 19,912 shares of the bank’s stock worth $1,256,000 after buying an additional 383 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of International Bancshares by 0.7% in the 4th quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank’s stock valued at $3,428,000 after buying an additional 388 shares during the period. Institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Down 3.5%

NASDAQ:IBOC opened at $67.81 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.73 and a quick ratio of 0.73. International Bancshares Corporation has a 12-month low of $54.11 and a 12-month high of $76.91. The business has a 50 day simple moving average of $65.34 and a 200 day simple moving average of $63.90. The firm has a market capitalization of $4.21 billion, a P/E ratio of 10.32 and a beta of 0.82.

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 return on equity of 14.84% and a net margin of 39.30%. The firm had revenue of $198.22 million during 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.