Siena Capital Partners GP LLC Invests $3.04 Million in International Bancshares Corporation $IBOC

Siena Capital Partners GP LLC bought a new stake in International Bancshares Corporation (NASDAQ:IBOC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 45,725 shares of the bank’s stock, valued at approximately $3,038,000. Siena Capital Partners GP LLC owned approximately 0.07% of International Bancshares at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IBOC. Hantz Financial Services Inc. raised its stake in International Bancshares by 82.5% in the fourth quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock valued at $32,000 after purchasing an additional 221 shares in the last quarter. Rothschild Investment LLC raised its stake in International Bancshares by 554.4% in the third quarter. Rothschild Investment LLC now owns 589 shares of the bank’s stock valued at $40,000 after purchasing an additional 499 shares in the last quarter. Danske Bank A S purchased a new stake in International Bancshares in the third quarter valued at approximately $48,000. Aquatic Capital Management LLC purchased a new stake in International Bancshares in the third quarter valued at approximately $89,000. Finally, Exchange Traded Concepts LLC purchased a new stake in International Bancshares in the fourth quarter valued at approximately $96,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of International Bancshares from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, International Bancshares presently has a consensus rating of “Buy” and an average target price of $85.00.

International Bancshares Stock Performance

Shares of IBOC opened at $72.98 on Monday. The firm’s 50 day simple moving average is $71.21 and its 200 day simple moving average is $69.84. The company has a market capitalization of $4.54 billion, a P/E ratio of 10.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77. International Bancshares Corporation has a 1-year low of $61.15 and a 1-year high of $75.44.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Thursday, May 7th. The bank reported $1.64 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.04). The business had revenue of $208.46 million for the quarter, compared to analysts’ expectations of $257.28 million. International Bancshares had a return on equity of 13.16% and a net margin of 39.33%.

International Bancshares Company Profile

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.