Rafferty Asset Management LLC Sells 12,307 Shares of International Bancshares Co. (NASDAQ:IBOC)

Rafferty Asset Management LLC reduced its position in International Bancshares Co. (NASDAQ:IBOC) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,050 shares of the bank’s stock after selling 12,307 shares during the quarter. Rafferty Asset Management LLC’s holdings in International Bancshares were worth $2,403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IBOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in International Bancshares in the fourth quarter valued at approximately $868,000. Point72 Asset Management L.P. purchased a new stake in International Bancshares in the fourth quarter valued at approximately $88,000. ProShare Advisors LLC raised its stake in International Bancshares by 41.3% in the fourth quarter. ProShare Advisors LLC now owns 17,730 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 5,183 shares in the last quarter. Quantinno Capital Management LP raised its stake in International Bancshares by 6.1% in the fourth quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank’s stock valued at $366,000 after purchasing an additional 331 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in International Bancshares in the fourth quarter valued at approximately $447,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Trading Up 0.2%

Shares of IBOC opened at $65.31 on Tuesday. The firm’s 50 day simple moving average is $61.52 and its 200 day simple moving average is $65.04. The company has a market capitalization of $4.06 billion, a P/E ratio of 10.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. International Bancshares Co. has a 1-year low of $53.33 and a 1-year high of $76.91.

International Bancshares (NASDAQ:IBOC) last announced its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The business had revenue of $198.22 million for the quarter. International Bancshares had a net margin of 38.65% and a return on equity of 15.62%.

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.