Citigroup Inc. Has $4.62 Million Stake in International Bancshares Co. (NASDAQ:IBOC)

Citigroup Inc. lifted its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 18.1% during the third quarter, Holdings Channel.com reports. The firm owned 77,278 shares of the bank’s stock after buying an additional 11,834 shares during the quarter. Citigroup Inc.’s holdings in International Bancshares were worth $4,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IBOC. Price T Rowe Associates Inc. MD increased its holdings in International Bancshares by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,445 shares of the bank’s stock valued at $1,878,000 after purchasing an additional 1,935 shares during the period. Janus Henderson Group PLC increased its stake in shares of International Bancshares by 73.1% during the 1st quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock worth $2,491,000 after purchasing an additional 18,749 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of International Bancshares in the first quarter valued at approximately $218,000. Harbor Capital Advisors Inc. grew its holdings in International Bancshares by 277.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 27,721 shares of the bank’s stock valued at $1,586,000 after buying an additional 20,380 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in International Bancshares by 39.0% in the 2nd quarter. SG Americas Securities LLC now owns 7,324 shares of the bank’s stock worth $419,000 after acquiring an additional 2,055 shares during the last quarter. 65.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Bancshares

In other news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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 owns 965,185 shares of the company’s stock, valued at $69,667,053.30. This trade represents 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 through this hyperlink. Insiders own 13.93% of the company’s stock.

International Bancshares Trading Down 0.4 %

Shares of IBOC opened at $72.82 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares Co. has a fifty-two week low of $46.60 and a fifty-two week high of $76.91. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 11.33 and a beta of 0.87. The firm has a 50 day moving average price of $65.27 and a 200-day moving average price of $61.67.

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.