Russell Investments Group Ltd. Buys 18,044 Shares of International Bancshares Corporation (IBOC)
Russell Investments Group Ltd. increased its stake in International Bancshares Corporation (NASDAQ:IBOC) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 681,483 shares of the bank’s stock after purchasing an additional 18,044 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.03% of International Bancshares Corporation worth $27,324,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in International Bancshares Corporation by 3.8% in the 3rd quarter. Rhumbline Advisers now owns 127,170 shares of the bank’s stock worth $5,100,000 after purchasing an additional 4,648 shares during the period. BNP Paribas Arbitrage SA raised its holdings in International Bancshares Corporation by 258.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 103,479 shares of the bank’s stock worth $4,150,000 after purchasing an additional 74,613 shares during the period. Prudential Financial Inc. raised its holdings in International Bancshares Corporation by 11.9% in the 3rd quarter. Prudential Financial Inc. now owns 909,644 shares of the bank’s stock worth $36,476,000 after purchasing an additional 96,750 shares during the period. American Century Companies Inc. raised its holdings in International Bancshares Corporation by 41.7% in the 3rd quarter. American Century Companies Inc. now owns 169,366 shares of the bank’s stock worth $6,792,000 after purchasing an additional 49,844 shares during the period. Finally, Foundry Partners LLC raised its holdings in International Bancshares Corporation by 7.5% in the 3rd quarter. Foundry Partners LLC now owns 373,898 shares of the bank’s stock worth $14,993,000 after purchasing an additional 26,232 shares during the period. 55.48% of the stock is currently owned by institutional investors.
In other International Bancshares Corporation news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $38.91, for a total transaction of $11,673,000.00. Following the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at $65,092,149.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP R David Guerra sold 2,500 shares of the firm’s stock in a transaction dated 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. Over the last three months, insiders have sold 437,400 shares of company stock worth $17,006,889. Insiders own 17.93% of the company’s stock.
International Bancshares Corporation (NASDAQ:IBOC) last posted its quarterly earnings results on Wednesday, November 8th. The bank reported $0.59 EPS for the quarter. International Bancshares Corporation had a return on equity of 8.34% and a net margin of 26.36%.
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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.
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