Jacobs Asset Management LLC Acquires New Holdings in International Bancshares Co. (NASDAQ:IBOC)

Jacobs Asset Management LLC bought a new position in shares of International Bancshares Co. (NASDAQ:IBOC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 120,000 shares of the bank’s stock, valued at approximately $7,579,000. International Bancshares comprises about 4.6% of Jacobs Asset Management LLC’s portfolio, making the stock its 8th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in International Bancshares by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank’s stock valued at $3,428,000 after purchasing an additional 388 shares during the period. Deutsche Bank AG increased its position in shares of International Bancshares by 34.6% during the fourth quarter. Deutsche Bank AG now owns 69,871 shares of the bank’s stock worth $4,413,000 after buying an additional 17,971 shares during the period. Crestline Management LP raised its stake in International Bancshares by 274.4% during the fourth quarter. Crestline Management LP now owns 14,918 shares of the bank’s stock worth $942,000 after buying an additional 10,933 shares during the last quarter. Cetera Investment Advisers bought a new position in International Bancshares during the fourth quarter worth $212,000. Finally, Balyasny Asset Management L.P. bought a new stake in International Bancshares during the fourth quarter valued at $1,916,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Stock Performance

Shares of International Bancshares stock opened at $63.17 on Friday. The business has a 50-day moving average price of $61.07 and a two-hundred day moving average price of $64.87. International Bancshares Co. has a 1-year low of $53.33 and a 1-year 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 has a market cap of $3.93 billion, a P/E ratio of 9.82 and a beta of 0.83.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The firm had revenue of $198.22 million during 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.