Brandywine Global Investment Management LLC Sells 5,400 Shares of International Bancshares Corporation $IBOC

Brandywine Global Investment Management LLC trimmed its holdings in International Bancshares Corporation (NASDAQ:IBOC) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 139,299 shares of the bank’s stock after selling 5,400 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in International Bancshares were worth $9,272,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBOC. Vident Advisory LLC raised its stake in shares of International Bancshares by 18.9% in the first quarter. Vident Advisory LLC now owns 4,624 shares of the bank’s stock worth $292,000 after purchasing an additional 734 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in International Bancshares by 2.6% during the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the bank’s stock worth $779,000 after buying an additional 300 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in International Bancshares during the first quarter worth $1,133,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in International Bancshares in the 2nd quarter valued at $2,641,000. Finally, Boston Trust Walden Corp lifted its stake in International Bancshares by 0.5% during the 2nd quarter. Boston Trust Walden Corp now owns 1,405,068 shares of the bank’s stock valued at $93,521,000 after acquiring an additional 7,019 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of International Bancshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, International Bancshares has an average rating of “Buy”.

International Bancshares Stock Up 2.9%

IBOC stock opened at $66.39 on Friday. The stock has a market cap of $4.13 billion, a P/E ratio of 10.03 and a beta of 0.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $67.40 and its two-hundred day simple moving average is $67.48. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Thursday, November 6th. The bank reported $1.74 EPS for the quarter. The company had revenue of $218.08 million for the quarter. International Bancshares had a return on equity of 14.37% and a net margin of 39.51%.

About International Bancshares

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.