Bailard Inc. Has $213,000 Holdings in International Bancshares Corporation $IBOC

Bailard Inc. lowered its position in shares of International Bancshares Corporation (NASDAQ:IBOC) by 71.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,200 shares of the bank’s stock after selling 8,200 shares during the quarter. Bailard Inc.’s holdings in International Bancshares were worth $213,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Arizona State Retirement System boosted its holdings in shares of International Bancshares by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 16,497 shares of the bank’s stock worth $1,134,000 after buying an additional 176 shares during the period. Covestor Ltd boosted its holdings in shares of International Bancshares by 19.9% during the 3rd quarter. Covestor Ltd now owns 1,197 shares of the bank’s stock worth $82,000 after buying an additional 199 shares during the period. Amalgamated Bank boosted its holdings in shares of International Bancshares by 0.9% during the 3rd quarter. Amalgamated Bank now owns 23,744 shares of the bank’s stock worth $1,632,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC raised its stake in International Bancshares by 17.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,341 shares of the bank’s stock valued at $156,000 after purchasing an additional 341 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in International Bancshares by 3.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,015 shares of the bank’s stock valued at $866,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of International Bancshares from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of $85.00.

International Bancshares Trading Down 1.2%

Shares of IBOC stock opened at $70.83 on Friday. International Bancshares Corporation has a 52-week low of $61.15 and a 52-week high of $75.44. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 10.57 and a beta of 0.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a fifty day moving average of $69.67 and a 200-day moving average of $69.23.

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 analysts’ consensus estimates of $1.68 by ($0.04). International Bancshares had a net margin of 39.33% and a return on equity of 13.16%. The business had revenue of $208.46 million during the quarter, compared to analyst estimates of $257.28 million.

About International Bancshares

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.