Creative Planning Boosts Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Creative Planning grew its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 47.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,200 shares of the bank’s stock after purchasing an additional 1,684 shares during the period. Creative Planning’s holdings in International Bancshares were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IBOC. American Century Companies Inc. grew its holdings in shares of International Bancshares by 21.6% during the second quarter. American Century Companies Inc. now owns 993,128 shares of the bank’s stock valued at $56,817,000 after buying an additional 176,334 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of International Bancshares by 2.4% during the first quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock valued at $366,673,000 after buying an additional 152,165 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of International Bancshares by 45.7% during the second quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock valued at $17,983,000 after buying an additional 99,164 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of International Bancshares during the second quarter valued at approximately $4,413,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of International Bancshares during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Trading Up 1.6 %

NASDAQ:IBOC opened at $71.10 on Friday. The company’s 50 day moving average price is $61.81 and its 200-day moving average price is $60.10. International Bancshares Co. has a 52 week low of $43.89 and a 52 week high of $73.11. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 11.06 and a beta of 0.87.

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.