Azora Capital LP Raises Position in International Bancshares Corporation $IBOC

Azora Capital LP raised its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,090,166 shares of the bank’s stock after buying an additional 142,937 shares during the quarter. International Bancshares comprises about 3.3% of Azora Capital LP’s holdings, making the stock its 13th largest position. Azora Capital LP owned 1.75% of International Bancshares worth $72,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. increased its position in shares of International Bancshares by 19.3% in the second quarter. American Century Companies Inc. now owns 2,885,687 shares of the bank’s stock worth $192,071,000 after purchasing an additional 466,929 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of International Bancshares by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,192,298 shares of the bank’s stock worth $145,919,000 after buying an additional 50,339 shares during the last quarter. Geode Capital Management LLC raised its position in shares of International Bancshares by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,414,229 shares of the bank’s stock valued at $94,142,000 after buying an additional 13,936 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of International Bancshares by 0.5% during the 2nd quarter. Boston Trust Walden Corp now owns 1,405,068 shares of the bank’s stock worth $93,521,000 after acquiring an additional 7,019 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of International Bancshares by 1.7% during the 2nd quarter. First Trust Advisors LP now owns 1,251,947 shares of the bank’s stock worth $83,330,000 after acquiring an additional 21,250 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Down 1.2%

Shares of NASDAQ IBOC opened at $68.83 on Wednesday. The firm has a 50-day moving average of $66.93 and a 200 day moving average of $67.78. The stock has a market cap of $4.28 billion, a P/E ratio of 10.18 and a beta of 0.76. International Bancshares Corporation has a 1 year low of $54.11 and a 1 year high of $73.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.76.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings results on Thursday, November 6th. The bank reported $1.74 earnings per share for the quarter. The firm had revenue of $218.08 million during the quarter. International Bancshares had a return on equity of 14.20% and a net margin of 40.10%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of International Bancshares in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

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.