International Bancshares Corp (NASDAQ:IBOC) Shares Bought by Strs Ohio

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Strs Ohio grew its holdings in shares of International Bancshares Corp (NASDAQ:IBOC) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,100 shares of the bank’s stock after purchasing an additional 600 shares during the period. Strs Ohio’s holdings in International Bancshares were worth $1,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd acquired a new position in International Bancshares during the 2nd quarter worth approximately $203,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of International Bancshares in the 1st quarter worth approximately $207,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC acquired a new stake in shares of International Bancshares in the 1st quarter worth approximately $282,000. AlphaCrest Capital Management LLC acquired a new stake in shares of International Bancshares in the 1st quarter worth approximately $331,000. Finally, Alps Advisors Inc. acquired a new stake in shares of International Bancshares in the 1st quarter worth approximately $384,000. Institutional investors own 59.63% of the company’s stock.

In related news, Director Roberto R. Resendez bought 3,000 shares of International Bancshares stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of $37.00 per share, with a total value of $111,000.00. Following the purchase, the director now owns 35,141 shares in the company, valued at $1,300,217. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roberto R. Resendez bought 2,000 shares of International Bancshares stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of $36.43 per share, for a total transaction of $72,860.00. Following the purchase, the director now owns 31,141 shares in the company, valued at approximately $1,134,466.63. The disclosure for this purchase can be found here. Corporate insiders own 16.00% of the company’s stock.

IBOC opened at $33.27 on Wednesday. The firm has a market cap of $2.21 billion, a PE ratio of 10.52 and a beta of 1.32. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $36.49. International Bancshares Corp has a 1-year low of $32.50 and a 1-year high of $47.95.

IBOC has been the topic of a number of research reports. BidaskClub cut International Bancshares from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine cut International Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

About International Bancshares

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

Read More: What does a hold rating mean?

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

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