Federated Investors Inc. PA lowered its position in shares of International Bancshares Corporation (NASDAQ:IBOC) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,591 shares of the bank’s stock after selling 2,166 shares during the quarter. Federated Investors Inc. PA’s holdings in International Bancshares Corporation were worth $1,074,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ING Groep NV acquired a new stake in shares of International Bancshares Corporation during the second quarter valued at approximately $248,000. Arizona State Retirement System raised its holdings in shares of International Bancshares Corporation by 1.2% during the second quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock valued at $859,000 after acquiring an additional 300 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of International Bancshares Corporation by 87.8% during the second quarter. BNP Paribas Arbitrage SA now owns 28,866 shares of the bank’s stock valued at $1,012,000 after acquiring an additional 13,497 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of International Bancshares Corporation by 4.2% during the second quarter. Great West Life Assurance Co. Can now owns 35,454 shares of the bank’s stock valued at $1,238,000 after acquiring an additional 1,445 shares during the period. Finally, Texas Permanent School Fund raised its holdings in shares of International Bancshares Corporation by 0.9% during the second quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock valued at $1,487,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.

Shares of International Bancshares Corporation (IBOC) opened at 36.80 on Friday. International Bancshares Corporation has a 12-month low of $28.47 and a 12-month high of $42.25. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 17.04 and a beta of 1.53. The stock’s 50 day moving average is $35.72 and its 200-day moving average is $35.62.

International Bancshares Corporation (NASDAQ:IBOC) last released its quarterly earnings data on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a net margin of 26.21% and a return on equity of 8.20%. On average, analysts anticipate that International Bancshares Corporation will post $1.59 EPS for the current fiscal year.

Separately, BidaskClub lowered shares of International Bancshares Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

TRADEMARK VIOLATION NOTICE: “International Bancshares Corporation (IBOC) Stake Lessened by Federated Investors Inc. PA” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/16/international-bancshares-corporation-iboc-stake-lessened-by-federated-investors-inc-pa.html.

In related news, Director Antonio R. Sanchez, Jr. sold 20,000 shares of International Bancshares Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $36.24, for a total transaction of $724,800.00. Following the transaction, the director now owns 1,672,890 shares of the company’s stock, valued at approximately $60,625,533.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 15,000 shares of International Bancshares Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $36.52, for a total transaction of $547,800.00. Following the transaction, the director now directly owns 1,672,890 shares in the company, valued at approximately $61,093,942.80. The disclosure for this sale can be found here. Insiders have sold a total of 85,000 shares of company stock worth $3,085,600 in the last three months. 17.93% of the stock is owned by insiders.

About International Bancshares Corporation

International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

Institutional Ownership by Quarter for International Bancshares Corporation (NASDAQ:IBOC)

Receive News & Stock Ratings for International Bancshares Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Bancshares Corporation and related stocks with our FREE daily email newsletter.