Foundry Partners LLC Invests $8.94 Million in International Bancshares Co. (NASDAQ:IBOC)

Foundry Partners LLC bought a new position in shares of International Bancshares Co. (NASDAQ:IBOC) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 149,468 shares of the bank’s stock, valued at approximately $8,937,000.

Several other institutional investors have also recently added to or reduced their stakes in IBOC. Blue Trust Inc. raised its holdings in International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after purchasing an additional 306 shares in the last quarter. LRI Investments LLC acquired a new stake in International Bancshares during the 1st quarter worth $117,000. CWM LLC lifted its position in 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 last quarter. Oppenheimer Asset Management Inc. purchased a new stake in International Bancshares in the third quarter valued at $202,000. Finally, Versor Investments LP acquired a new position in International Bancshares in the third quarter valued at $222,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 1.1 %

IBOC opened at $69.90 on Thursday. International Bancshares Co. has a one year low of $44.24 and a one year high of $73.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $4.35 billion, a P/E ratio of 10.87 and a beta of 0.87. The business’s 50-day simple moving average is $63.21 and its 200-day simple moving average is $60.87.

Insider Buying and Selling

In other news, CEO Dennis E. Nixon sold 34,815 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the sale, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.93% of the stock is currently owned by company insiders.

International Bancshares Company Profile

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.