International Bancshares Corporation $IBOC Shares Bought by Elizabeth Park Capital Advisors Ltd.

Elizabeth Park Capital Advisors Ltd. raised its position in International Bancshares Corporation (NASDAQ:IBOC) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,587 shares of the bank’s stock after acquiring an additional 10,500 shares during the period. International Bancshares makes up approximately 3.4% of Elizabeth Park Capital Advisors Ltd.’s holdings, making the stock its 6th biggest holding. Elizabeth Park Capital Advisors Ltd. owned 0.10% of International Bancshares worth $4,092,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP boosted its stake in International Bancshares by 338.6% in the fourth quarter. Engineers Gate Manager LP now owns 27,085 shares of the bank’s stock valued at $1,800,000 after acquiring an additional 20,910 shares in the last quarter. Azora Capital LP raised its holdings in shares of International Bancshares by 35.1% in the fourth quarter. Azora Capital LP now owns 1,524,345 shares of the bank’s stock worth $101,277,000 after buying an additional 395,984 shares during the last quarter. Armistice Capital LLC purchased a new position in shares of International Bancshares in the fourth quarter worth $291,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of International Bancshares in the fourth quarter worth $216,000. Finally, Cetera Investment Advisers increased its stake in shares of International Bancshares by 5.3% in the fourth quarter. Cetera Investment Advisers now owns 3,641 shares of the bank’s stock worth $242,000 after acquiring an additional 184 shares during the period. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

International Bancshares Stock Down 2.5%

NASDAQ:IBOC opened at $73.59 on Thursday. The firm has a market capitalization of $4.58 billion, a P/E ratio of 10.98 and a beta of 0.68. International Bancshares Corporation has a 1-year low of $61.45 and a 1-year high of $77.11. The company’s fifty day moving average price is $72.38 and its 200-day moving average price is $70.37. 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 (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, May 7th. The bank reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.04). The business had revenue of $208.46 million during the quarter, compared to analyst estimates of $257.28 million. International Bancshares had a return on equity of 13.16% and a net margin of 39.33%.

International Bancshares 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.