Harbor Capital Advisors Inc. Grows Stock Position in International Bancshares Co. (NASDAQ:IBOC)

Harbor Capital Advisors Inc. increased its holdings in International Bancshares Co. (NASDAQ:IBOC) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 57,741 shares of the bank’s stock after acquiring an additional 2,447 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.09% of International Bancshares worth $3,647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its position in shares of International Bancshares by 3.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock worth $336,000 after purchasing an additional 208 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of International Bancshares by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,465 shares of the bank’s stock valued at $327,000 after acquiring an additional 223 shares during the period. Arizona State Retirement System lifted its holdings in shares of International Bancshares by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock worth $896,000 after acquiring an additional 313 shares during the last quarter. Hancock Whitney Corp boosted its position in shares of International Bancshares by 1.7% during the 3rd quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock worth $1,137,000 after purchasing an additional 314 shares during the period. Finally, Natixis Advisors LLC increased its holdings in International Bancshares by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 10,509 shares of the bank’s stock valued at $601,000 after purchasing an additional 341 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

Insiders Place Their Bets

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

International Bancshares Trading Down 1.8 %

IBOC opened at $62.72 on Friday. International Bancshares Co. has a 52 week low of $48.85 and a 52 week high of $76.91. The business has a fifty day simple moving average of $68.37 and a 200-day simple moving average of $63.65. The firm has a market cap of $3.90 billion, a P/E ratio of 9.75 and a beta of 0.93. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

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.