Azora Capital LP Boosts Position in International Bancshares Co. (NASDAQ:IBOC)

Azora Capital LP raised its stake in International Bancshares Co. (NASDAQ:IBOC) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 905,453 shares of the bank’s stock after purchasing an additional 60,573 shares during the period. International Bancshares accounts for about 2.9% of Azora Capital LP’s holdings, making the stock its 14th biggest position. Azora Capital LP owned 1.46% of International Bancshares worth $54,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of International Bancshares by 141.0% in the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after purchasing an additional 306 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in International Bancshares in the second quarter valued at approximately $39,000. CWM LLC boosted its holdings in shares of 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 period. Oppenheimer Asset Management Inc. acquired a new stake in shares of International Bancshares in the third quarter valued at approximately $202,000. Finally, Virtu Financial LLC purchased a new position in shares of International Bancshares during the first quarter worth approximately $218,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Insider Activity

In other news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.93% of the company’s stock.

International Bancshares Stock Up 0.3 %

IBOC stock opened at $73.13 on Monday. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 11.37 and a beta of 0.87. The company has a fifty day moving average price of $65.03 and a 200 day moving average price of $61.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a 12 month low of $44.47 and a 12 month high of $76.91.

International Bancshares 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.