International Bancshares Co. (NASDAQ:IBOC) Shares Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,647 shares of the bank’s stock after buying an additional 487 shares during the period. Advantage Alpha Capital Partners LP’s holdings in International Bancshares were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of International Bancshares by 141.0% during the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock valued at $29,000 after acquiring an additional 306 shares during the period. Strategic Financial Concepts LLC purchased a new position in International Bancshares in the 2nd quarter valued at approximately $39,000. LRI Investments LLC acquired a new position in International Bancshares during the first quarter worth $117,000. CWM LLC boosted its position in International Bancshares by 5,673.7% during the third quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after purchasing an additional 2,156 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in International Bancshares in the third quarter valued at $202,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Trading Down 1.6 %

Shares of IBOC stock opened at $73.88 on Wednesday. The stock has a market cap of $4.60 billion, a P/E ratio of 11.49 and a beta of 0.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares Co. has a fifty-two week low of $44.24 and a fifty-two week high of $76.91. The business has a fifty day simple moving average of $64.40 and a 200-day simple moving average of $61.32.

Insider Activity at International Bancshares

In related news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares 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 in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.93% of the stock is owned by corporate 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.