International Bancshares Corporation $IBOC Stock Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its position in shares of International Bancshares Corporation (NASDAQ:IBOC) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,248,850 shares of the bank’s stock after selling 57,755 shares during the quarter. Boston Trust Walden Corp’s holdings in International Bancshares were worth $85,540,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of International Bancshares by 4,020.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 412 shares of the bank’s stock valued at $27,000 after acquiring an additional 402 shares in the last quarter. Root Financial Partners LLC purchased a new position in International Bancshares during the third quarter worth about $31,000. Allworth Financial LP purchased a new position in International Bancshares during the second quarter worth about $42,000. Versant Capital Management Inc raised its holdings in International Bancshares by 35.8% during the second quarter. Versant Capital Management Inc now owns 596 shares of the bank’s stock worth $45,000 after purchasing an additional 157 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in International Bancshares in the second quarter valued at about $49,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Up 2.1%

Shares of IBOC stock opened at $69.02 on Thursday. The business’s fifty day moving average price is $69.01 and its 200 day moving average price is $71.33. The firm has a market capitalization of $4.29 billion, a PE ratio of 10.41 and a beta of 0.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77. International Bancshares Corporation has a 1-year low of $63.19 and a 1-year high of $78.46.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Thursday, August 6th. The bank reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.07). The business had revenue of $214.82 million during the quarter, compared to analyst estimates of $264.13 million. International Bancshares had a net margin of 38.83% and a return on equity of 12.67%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered International Bancshares from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $85.00.

About International Bancshares

International Bancshares Corporation is a financial holding company headquartered in Laredo, Texas. Through its principal subsidiary, IBC Bank, the company provides banking and related financial services to individuals, businesses and institutions.

IBC Bank offers consumer and commercial deposit accounts, business and personal lending, mortgage services, cash management, treasury services, trust and wealth management, and international banking. Its products are designed to support everyday banking needs as well as commercial financing and cross-border transactions.

Founded in 1966, International Bancshares Corporation has built a regional banking franchise serving communities across South, Central and Southeast Texas, as well as Oklahoma.