Dorsey Wright & Associates Raises Position in International Bancshares Corporation $IBOC

Dorsey Wright & Associates increased its stake in International Bancshares Corporation (NASDAQ:IBOC) by 22.3% during the second quarter, HoldingsChannel reports. The firm owned 5,155 shares of the bank’s stock after acquiring an additional 940 shares during the period. Dorsey Wright & Associates’ holdings in International Bancshares were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of IBOC. American Century Companies Inc. raised its stake in shares of International Bancshares by 37.9% in the first quarter. American Century Companies Inc. now owns 2,418,758 shares of the bank’s stock valued at $152,527,000 after buying an additional 665,280 shares during the period. Nuveen LLC purchased a new stake in International Bancshares in the 1st quarter worth about $17,195,000. Azora Capital LP raised its stake in International Bancshares by 28.4% in the 1st quarter. Azora Capital LP now owns 947,229 shares of the bank’s stock valued at $59,732,000 after acquiring an additional 209,643 shares during the period. CSM Advisors LLC purchased a new stake in International Bancshares during the second quarter valued at about $9,198,000. Finally, Tamar Securities LLC boosted its position in International Bancshares by 18.0% during the first quarter. Tamar Securities LLC now owns 718,117 shares of the bank’s stock worth $45,284,000 after purchasing an additional 109,443 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

Shares of IBOC opened at $63.94 on Wednesday. International Bancshares Corporation has a 52-week low of $54.11 and a 52-week high of $76.91. The stock’s 50-day simple moving average is $67.75 and its 200 day simple moving average is $67.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 9.66 and a beta of 0.82.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings results on Thursday, November 6th. The bank reported $1.74 earnings per share for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.The firm had revenue of $218.08 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of International Bancshares in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, International Bancshares currently has an average rating of “Buy”.

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.