Reinhart Partners Inc. Grows Position in International Bancshares Corp (NASDAQ:IBOC)

Reinhart Partners Inc. boosted its stake in International Bancshares Corp (NASDAQ:IBOC) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,024 shares of the bank’s stock after purchasing an additional 2,056 shares during the quarter. Reinhart Partners Inc. owned about 0.22% of International Bancshares worth $5,562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in shares of International Bancshares in the second quarter valued at $26,000. Quantamental Technologies LLC increased its stake in shares of International Bancshares by 241.5% in the second quarter. Quantamental Technologies LLC now owns 782 shares of the bank’s stock valued at $29,000 after buying an additional 553 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of International Bancshares by 459.1% in the second quarter. Tower Research Capital LLC TRC now owns 833 shares of the bank’s stock valued at $31,000 after buying an additional 684 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of International Bancshares in the second quarter valued at $203,000. Finally, Paloma Partners Management Co acquired a new stake in International Bancshares in the second quarter worth about $216,000. Hedge funds and other institutional investors own 59.74% of the company’s stock.

IBOC stock traded down $0.05 during midday trading on Friday, reaching $42.43. The stock had a trading volume of 200,800 shares, compared to its average volume of 208,236. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 13.27 and a beta of 1.31. The business has a fifty day simple moving average of $39.64 and a two-hundred day simple moving average of $38.07. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.46. International Bancshares Corp has a twelve month low of $32.04 and a twelve month high of $43.58.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Thursday, August 8th. The bank reported $0.76 earnings per share for the quarter. International Bancshares had a return on equity of 10.79% and a net margin of 32.82%.

The business also recently declared a 0.50000 dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.55 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Friday, September 27th.

A number of analysts recently commented on IBOC shares. BidaskClub upgraded International Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 24th. ValuEngine lowered International Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, October 21st.

In other International Bancshares news, Director Roberto R. Resendez bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $32.40 per share, with a total value of $129,600.00. Following the acquisition, the director now owns 16,730 shares of the company’s stock, valued at $542,052. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.00% of the stock is owned by insiders.

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.

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

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