Reinhart Partners LLC. Has $43.40 Million Holdings in International Bancshares Co. (NASDAQ:IBOC)

Reinhart Partners LLC. grew its holdings in International Bancshares Co. (NASDAQ:IBOC) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 687,160 shares of the bank’s stock after acquiring an additional 5,016 shares during the quarter. International Bancshares accounts for 1.7% of Reinhart Partners LLC.’s portfolio, making the stock its 26th largest holding. Reinhart Partners LLC. owned approximately 1.10% of International Bancshares worth $43,401,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its position in shares of International Bancshares by 5,673.7% in the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock valued at $131,000 after acquiring an additional 2,156 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of International Bancshares in the third quarter valued at approximately $202,000. Blue Trust Inc. boosted its position in shares of International Bancshares by 564.8% in the third quarter. Blue Trust Inc. now owns 3,477 shares of the bank’s stock valued at $199,000 after acquiring an additional 2,954 shares during the period. Versor Investments LP bought a new stake in shares of International Bancshares in the third quarter valued at approximately $222,000. Finally, Centiva Capital LP acquired a new position in shares of International Bancshares in the third quarter valued at $250,000. 65.91% of the stock is owned by institutional investors.

International Bancshares Stock Performance

Shares of NASDAQ IBOC traded up $0.66 during trading hours on Monday, reaching $63.38. The stock had a trading volume of 65,803 shares, compared to its average volume of 231,948. The business’s fifty day moving average is $68.37 and its two-hundred day moving average is $63.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 9.86 and a beta of 0.93. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares in the company, valued at $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.93% of the stock is currently owned by corporate insiders.

About International Bancshares

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.