Bank of New York Mellon Corp Has $27 Million Stake in International Bancshares Corporation (IBOC)

Bank of New York Mellon Corp grew its stake in International Bancshares Corporation (NASDAQ:IBOC) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 770,401 shares of the bank’s stock after purchasing an additional 3,335 shares during the period. Bank of New York Mellon Corp owned approximately 1.17% of International Bancshares Corporation worth $27,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of IBOC. Foundry Partners LLC grew its position in shares of International Bancshares Corporation by 8.5% in the second quarter. Foundry Partners LLC now owns 347,666 shares of the bank’s stock valued at $12,186,000 after purchasing an additional 27,286 shares in the last quarter. Russell Investments Group Ltd. grew its position in International Bancshares Corporation by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 663,439 shares of the bank’s stock worth $23,241,000 after acquiring an additional 21,780 shares during the period. ING Groep NV purchased a new position in International Bancshares Corporation in the second quarter worth approximately $248,000. Schwab Charles Investment Management Inc. grew its position in International Bancshares Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 563,649 shares of the bank’s stock worth $19,756,000 after acquiring an additional 3,182 shares during the period. Finally, Rhumbline Advisers grew its position in International Bancshares Corporation by 1.6% in the second quarter. Rhumbline Advisers now owns 122,522 shares of the bank’s stock worth $4,294,000 after acquiring an additional 1,874 shares during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.

Separately, BidaskClub lowered International Bancshares Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th.

International Bancshares Corporation (NASDAQ:IBOC) opened at 36.55 on Wednesday. International Bancshares Corporation has a 12 month low of $28.47 and a 12 month high of $42.25. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.92 and a beta of 1.53. The company has a 50-day moving average price of $35.61 and a 200 day moving average price of $35.63.

International Bancshares Corporation (NASDAQ:IBOC) last issued its quarterly earnings results on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%. Equities analysts predict that International Bancshares Corporation will post $1.59 earnings per share for the current year.

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In other news, Director Antonio R. Sanchez, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $36.52, for a total transaction of $547,800.00. Following the completion of the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at approximately $61,093,942.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP R David Guerra sold 1,875 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $36.04, for a total transaction of $67,575.00. Following the sale, the vice president now directly owns 2,500 shares of the company’s stock, valued at $90,100. The disclosure for this sale can be found here. Insiders sold a total of 86,875 shares of company stock valued at $3,153,175 over the last quarter. 17.93% of the stock is currently owned by insiders.

International Bancshares Corporation Company Profile

International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

Institutional Ownership by Quarter for International Bancshares Corporation (NASDAQ:IBOC)

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