International Bancshares Corp (NASDAQ:IBOC)’s stock price rose 5.2% during mid-day trading on Monday . The stock traded as high as $38.32 and last traded at $38.09, approximately 285,528 shares changed hands during mid-day trading. An increase of 36% from the average daily volume of 209,673 shares. The stock had previously closed at $36.22.

A number of analysts have recently issued reports on the company. ValuEngine cut International Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub raised International Bancshares from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a fifty day simple moving average of $35.38 and a 200-day simple moving average of $38.11. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 11.90 and a beta of 1.33.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Thursday, August 8th. The bank reported $0.76 EPS for the quarter. International Bancshares had a net margin of 32.82% and a return on equity of 10.79%.

In related news, Director Roberto R. Resendez purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of $37.00 per share, for a total transaction of $111,000.00. Following the purchase, the director now owns 35,141 shares in the company, valued at $1,300,217. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roberto R. Resendez purchased 4,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $32.40 per share, for a total transaction of $129,600.00. Following the completion of the acquisition, the director now owns 16,730 shares in the company, valued at $542,052. The disclosure for this purchase can be found here. Company insiders own 16.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Nuveen Asset Management LLC bought a new stake in shares of International Bancshares during the second quarter worth approximately $9,174,000. AQR Capital Management LLC grew its stake in shares of International Bancshares by 24.4% in the second quarter. AQR Capital Management LLC now owns 371,485 shares of the bank’s stock valued at $14,009,000 after acquiring an additional 72,843 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in International Bancshares by 492.4% during the second quarter. BNP Paribas Arbitrage SA now owns 69,298 shares of the bank’s stock worth $2,613,000 after acquiring an additional 57,601 shares during the period. Geode Capital Management LLC increased its position in International Bancshares by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 791,996 shares of the bank’s stock worth $27,244,000 after acquiring an additional 45,359 shares during the period. Finally, Invesco Ltd. raised its stake in International Bancshares by 4.6% in the 2nd quarter. Invesco Ltd. now owns 914,753 shares of the bank’s stock worth $34,495,000 after purchasing an additional 40,407 shares in the last quarter. Hedge funds and other institutional investors own 59.76% of the company’s stock.

International Bancshares Company Profile (NASDAQ:IBOC)

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

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