International Bancshares Co. (NASDAQ:IBOC) Shares Sold by Fmr LLC

Fmr LLC lessened its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 98.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,295 shares of the bank’s stock after selling 268,997 shares during the quarter. Fmr LLC’s holdings in International Bancshares were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBOC. Advantage Alpha Capital Partners LP raised its stake in shares of International Bancshares by 6.8% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 7,647 shares of the bank’s stock valued at $457,000 after buying an additional 487 shares during the last quarter. Hancock Whitney Corp boosted its stake in shares of International Bancshares by 1.7% in the third quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock worth $1,137,000 after buying an additional 314 shares during the last quarter. Algert Global LLC grew its holdings in International Bancshares by 8.8% during the third quarter. Algert Global LLC now owns 116,412 shares of the bank’s stock worth $6,960,000 after acquiring an additional 9,418 shares during the period. Citigroup Inc. lifted its holdings in International Bancshares by 18.1% in the third quarter. Citigroup Inc. now owns 77,278 shares of the bank’s stock valued at $4,620,000 after acquiring an additional 11,834 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in International Bancshares by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,996,782 shares of the bank’s stock worth $119,388,000 after purchasing an additional 55,406 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Price Performance

NASDAQ:IBOC opened at $64.31 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50 day moving average price of $68.11 and a 200-day moving average price of $62.77. International Bancshares Co. has a 1-year low of $48.85 and a 1-year high of $76.91. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 10.00 and a beta of 0.90.

Insider Activity at International Bancshares

In other news, CEO Dennis E. Nixon sold 34,815 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at $69,667,053.30. This represents a 3.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 13.93% of the stock is owned by company insiders.

International Bancshares Company Profile

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.