Summit Global Investments Makes New $328,000 Investment in International Bancshares Co. (NASDAQ:IBOC)

Summit Global Investments bought a new position in shares of International Bancshares Co. (NASDAQ:IBOC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,195 shares of the bank’s stock, valued at approximately $328,000.

Several other large investors also recently bought and sold shares of IBOC. Barclays PLC grew its position in International Bancshares by 86.6% during the 3rd quarter. Barclays PLC now owns 111,823 shares of the bank’s stock worth $6,686,000 after purchasing an additional 51,887 shares during the last quarter. Janney Montgomery Scott LLC grew its position in International Bancshares by 49.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,925 shares of the bank’s stock worth $501,000 after purchasing an additional 2,607 shares during the last quarter. Blue Trust Inc. grew its position in International Bancshares by 65.1% during the 4th quarter. Blue Trust Inc. now owns 5,741 shares of the bank’s stock worth $343,000 after purchasing an additional 2,264 shares during the last quarter. KBC Group NV grew its position in International Bancshares by 71.2% during the 4th 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 last quarter. Finally, Pacer Advisors Inc. grew its position in International Bancshares by 27.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,997 shares of the bank’s stock worth $631,000 after purchasing an additional 2,183 shares during the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 0.8%

NASDAQ:IBOC opened at $62.71 on Monday. The company has a market cap of $3.90 billion, a PE ratio of 9.75 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 current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $61.52 and its two-hundred day moving average is $64.64.

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

About International Bancshares

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.