BW Gestao de Investimentos Ltda. Purchases Shares of 70,000 International Bancshares Corporation $IBOC

BW Gestao de Investimentos Ltda. purchased a new stake in shares of International Bancshares Corporation (NASDAQ:IBOC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 70,000 shares of the bank’s stock, valued at approximately $4,651,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. grew its position in International Bancshares by 82.5% during the fourth quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock valued at $32,000 after acquiring an additional 221 shares during the last quarter. Rothschild Investment LLC lifted its stake in International Bancshares by 554.4% in the third quarter. Rothschild Investment LLC now owns 589 shares of the bank’s stock worth $40,000 after purchasing an additional 499 shares during the last quarter. Danske Bank A S purchased a new stake in International Bancshares during the third quarter valued at about $48,000. Aquatic Capital Management LLC bought a new position in shares of International Bancshares during the third quarter valued at about $89,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of International Bancshares during the fourth quarter valued at about $96,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Price Performance

IBOC opened at $71.99 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.77. International Bancshares Corporation has a 52-week low of $61.15 and a 52-week high of $75.44. The stock has a market capitalization of $4.48 billion, a PE ratio of 10.74 and a beta of 0.68. The stock’s 50 day moving average price is $70.82 and its 200-day moving average price is $69.64.

International Bancshares (NASDAQ:IBOC) last posted its earnings results on Thursday, May 7th. The bank reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.04). International Bancshares had a net margin of 39.33% and a return on equity of 13.16%. The business had revenue of $208.46 million for the quarter, compared to analysts’ expectations of $257.28 million.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered International Bancshares from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $85.00.

About International Bancshares

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.