Azora Capital LP Increases Position in International Bancshares Co. (NASDAQ:IBOC)

Azora Capital LP increased its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 905,453 shares of the bank’s stock after buying an additional 60,573 shares during the period. International Bancshares comprises 2.9% of Azora Capital LP’s portfolio, making the stock its 14th largest holding. Azora Capital LP’s holdings in International Bancshares were worth $54,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its stake in shares of International Bancshares by 3.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,625 shares of the bank’s stock worth $336,000 after acquiring an additional 208 shares in the last quarter. Blue Trust Inc. boosted its position in International Bancshares by 141.0% during the second quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after purchasing an additional 306 shares in the last quarter. Arizona State Retirement System grew its holdings in International Bancshares by 2.0% in the second quarter. Arizona State Retirement System now owns 15,663 shares of the bank’s stock valued at $896,000 after purchasing an additional 313 shares during the last quarter. Hancock Whitney Corp increased its position in shares of International Bancshares by 1.7% in the third quarter. Hancock Whitney Corp now owns 19,012 shares of the bank’s stock valued at $1,137,000 after buying an additional 314 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of International Bancshares by 3.4% during the 2nd quarter. Natixis Advisors LLC now owns 10,509 shares of the bank’s stock worth $601,000 after buying an additional 341 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Bancshares

In other news, CEO Dennis E. Nixon sold 34,815 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $72.18, for a total value of $2,512,946.70. Following the completion of the transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.93% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $73.13 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $65.03 and its 200 day moving average price is $61.59. International Bancshares Co. has a 52 week low of $44.47 and a 52 week high of $76.91. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 11.37 and a beta of 0.87.

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.