International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in International Bancshares Co. (NASDAQ:IBOC) by 6.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 58,537 shares of the bank’s stock after selling 3,807 shares during the quarter. Victory Capital Management Inc.’s holdings in International Bancshares were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in IBOC. Blue Trust Inc. grew its position in International Bancshares by 141.0% in the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after buying an additional 306 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in International Bancshares in the 2nd quarter worth $39,000. LRI Investments LLC bought a new position in International Bancshares in the 1st quarter worth $117,000. CWM LLC increased its holdings in shares of International Bancshares by 5,673.7% during the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after purchasing an additional 2,156 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of International Bancshares during the 1st quarter worth about $218,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Insider Activity

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total value of $2,512,946.70. Following the transaction, the chief executive officer now directly owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.93% of the stock is owned by company insiders.

International Bancshares Stock Performance

NASDAQ:IBOC opened at $73.40 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day moving average is $63.90 and its 200-day moving average is $61.10. International Bancshares Co. has a 52-week low of $44.24 and a 52-week high of $73.82. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 11.42 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.