International Bancshares Corporation $IBOC Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 0.3% in the first quarter, HoldingsChannel reports. The firm owned 3,186,820 shares of the bank’s stock after purchasing an additional 9,468 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of International Bancshares worth $214,442,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in International Bancshares during the 4th quarter worth approximately $45,598,000. Azora Capital LP boosted its stake in shares of International Bancshares by 35.1% during the 4th quarter. Azora Capital LP now owns 1,524,345 shares of the bank’s stock valued at $101,277,000 after buying an additional 395,984 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of International Bancshares by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 659,381 shares of the bank’s stock valued at $43,888,000 after buying an additional 331,256 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of International Bancshares during the third quarter worth approximately $18,330,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of International Bancshares by 447.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 268,654 shares of the bank’s stock worth $17,850,000 after buying an additional 219,578 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $76.79 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 11.46 and a beta of 0.68. International Bancshares Corporation has a twelve month low of $63.19 and a twelve month high of $78.46. The business has a 50 day simple moving average of $74.64 and a 200-day simple moving average of $71.63.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, May 7th. The bank reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.04). The firm had revenue of $208.46 million for the quarter, compared to the consensus estimate of $257.28 million. International Bancshares had a return on equity of 13.16% and a net margin of 39.33%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of International Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $85.00.

International Bancshares Company Profile

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.