Jupiter Asset Management Ltd. Invests $396,000 in International Bancshares Co. (NASDAQ:IBOC)

Jupiter Asset Management Ltd. acquired a new position in International Bancshares Co. (NASDAQ:IBOC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,954 shares of the bank’s stock, valued at approximately $396,000.

Several other institutional investors have also recently modified their holdings of IBOC. Vanguard Group Inc. lifted its holdings in International Bancshares by 4.2% in the third quarter. Vanguard Group Inc. now owns 6,378,407 shares of the bank’s stock valued at $271,082,000 after acquiring an additional 255,285 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of International Bancshares by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,228,382 shares of the bank’s stock worth $178,482,000 after buying an additional 54,029 shares during the period. Wellington Management Group LLP raised its stake in shares of International Bancshares by 9.4% during the 1st quarter. Wellington Management Group LLP now owns 3,303,161 shares of the bank’s stock worth $139,427,000 after buying an additional 284,432 shares during the period. State Street Corp raised its stake in shares of International Bancshares by 12.2% during the 1st quarter. State Street Corp now owns 2,566,311 shares of the bank’s stock worth $108,324,000 after buying an additional 279,303 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of International Bancshares by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,489,730 shares of the bank’s stock worth $68,170,000 after buying an additional 80,206 shares during the period. 63.92% of the stock is currently owned by hedge funds and other institutional investors.

International Bancshares Stock Down 1.4 %

NASDAQ IBOC opened at $46.25 on Tuesday. The business has a fifty day moving average price of $43.90 and a 200 day moving average price of $44.95. International Bancshares Co. has a one year low of $39.10 and a one year high of $53.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $2.87 billion, a P/E ratio of 7.01 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on International Bancshares in a research note on Thursday, October 5th. They set a “hold” rating for the company.

Insider Activity at International Bancshares

In related news, Director Antonio R. Sanchez, Jr. sold 30,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $47.77, for a total value of $1,433,100.00. Following the completion of the transaction, the director now directly owns 1,442,245 shares of the company’s stock, valued at approximately $68,896,043.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.45% of the stock is owned by corporate insiders.

International Bancshares 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.