ProShare Advisors LLC Has $627,000 Holdings in International Bancshares Corporation (IBOC)
ProShare Advisors LLC reduced its position in shares of International Bancshares Corporation (NASDAQ:IBOC) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,899 shares of the bank’s stock after selling 2,472 shares during the period. ProShare Advisors LLC’s holdings in International Bancshares Corporation were worth $627,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBOC. Prudential Financial Inc. grew its position in shares of International Bancshares Corporation by 6.7% during the 2nd quarter. Prudential Financial Inc. now owns 812,894 shares of the bank’s stock valued at $28,492,000 after purchasing an additional 51,290 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of International Bancshares Corporation by 35.4% in the second quarter. American Century Companies Inc. now owns 119,522 shares of the bank’s stock worth $4,189,000 after purchasing an additional 31,233 shares during the period. Foundry Partners LLC raised its position in shares of International Bancshares Corporation by 8.5% in the second quarter. Foundry Partners LLC now owns 347,666 shares of the bank’s stock worth $12,186,000 after buying an additional 27,286 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of International Bancshares Corporation by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 663,439 shares of the bank’s stock worth $23,241,000 after buying an additional 21,780 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of International Bancshares Corporation by 8.5% in the second quarter. Alliancebernstein L.P. now owns 201,470 shares of the bank’s stock worth $7,062,000 after buying an additional 15,720 shares in the last quarter. Hedge funds and other institutional investors own 55.59% of the company’s stock.
Separately, BidaskClub lowered International Bancshares Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.
In related news, Director Antonio R. Sanchez, Jr. sold 50,000 shares of International Bancshares Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $36.26, for a total transaction of $1,813,000.00. Following the sale, the director now owns 1,672,890 shares of the company’s stock, valued at approximately $60,658,991.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R David Guerra sold 2,500 shares of International Bancshares Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $36.67, for a total value of $91,675.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,500 shares of company stock valued at $3,177,275. Corporate insiders own 17.93% of the company’s stock.
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International Bancshares Corporation (IBOC) opened at 41.05 on Wednesday. International Bancshares Corporation has a 52-week low of $29.31 and a 52-week high of $42.25. The company’s 50-day moving average price is $36.98 and its 200 day moving average price is $35.73. The stock has a market capitalization of $2.71 billion, a PE ratio of 19.00 and a beta of 1.54.
International Bancshares Corporation (NASDAQ:IBOC) last posted its quarterly earnings results on Monday, August 7th. The bank reported $0.61 EPS for the quarter. International Bancshares Corporation had a return on equity of 8.20% and a net margin of 26.21%. Equities analysts forecast that International Bancshares Corporation will post $1.59 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.33 dividend. This represents a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 28th. International Bancshares Corporation’s dividend payout ratio (DPR) is 9.03%.
International Bancshares Corporation Profile
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.
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