Rafferty Asset Management LLC Sells 12,307 Shares of International Bancshares Co. (NASDAQ:IBOC)

Rafferty Asset Management LLC lessened its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,050 shares of the bank’s stock after selling 12,307 shares during the quarter. Rafferty Asset Management LLC owned about 0.06% of International Bancshares worth $2,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in International Bancshares during the fourth quarter worth about $88,000. Sterling Capital Management LLC boosted its position in International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank’s stock worth $110,000 after purchasing an additional 1,555 shares during the period. KBC Group NV boosted its position in International Bancshares by 71.2% during the fourth quarter. KBC Group NV now owns 2,612 shares of the bank’s stock worth $165,000 after purchasing an additional 1,086 shares during the period. Cetera Investment Advisers bought a new position in International Bancshares during the fourth quarter worth about $212,000. Finally, Monument Capital Management boosted its position in International Bancshares by 12.1% during the fourth quarter. Monument Capital Management now owns 3,955 shares of the bank’s stock worth $250,000 after purchasing an additional 427 shares during the period. Institutional investors own 65.91% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ:IBOC opened at $65.31 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.06 billion, a PE ratio of 10.16 and a beta of 0.83. International Bancshares Co. has a twelve month low of $53.33 and a twelve month high of $76.91. The company has a 50-day moving average price of $61.52 and a two-hundred day moving average price of $65.04.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.56 EPS for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%. The company had revenue of $198.22 million during the quarter.

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.