Nisa Investment Advisors LLC Acquires 192 Shares of International Bancshares Corporation $IBOC

Nisa Investment Advisors LLC lifted its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 0.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 31,169 shares of the bank’s stock after acquiring an additional 192 shares during the quarter. Nisa Investment Advisors LLC’s holdings in International Bancshares were worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its stake in International Bancshares by 4.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,345 shares of the bank’s stock valued at $289,000 after acquiring an additional 169 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of International Bancshares by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the bank’s stock valued at $946,000 after purchasing an additional 200 shares during the last quarter. Bessemer Group Inc. lifted its position in International Bancshares by 8.9% during the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank’s stock valued at $171,000 after purchasing an additional 222 shares during the period. Diversified Trust Co boosted its holdings in International Bancshares by 1.2% in the second quarter. Diversified Trust Co now owns 20,152 shares of the bank’s stock worth $1,341,000 after purchasing an additional 240 shares during the last quarter. Finally, UMB Bank n.a. grew its position in International Bancshares by 67.3% in the 2nd quarter. UMB Bank n.a. now owns 629 shares of the bank’s stock worth $42,000 after purchasing an additional 253 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 0.5%

IBOC opened at $66.16 on Friday. The firm’s 50 day simple moving average is $69.16 and its two-hundred day simple moving average is $66.82. The company has a market capitalization of $4.11 billion, a PE ratio of 9.99 and a beta of 0.80. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, August 7th. The bank reported $1.61 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 39.51% and a return on equity of 14.37%.

Analyst Upgrades and Downgrades

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

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.