Hsbc Holdings PLC bought a new position in International Bancshares Corp (NASDAQ:IBOC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 107,998 shares of the bank’s stock, valued at approximately $3,715,000. Hsbc Holdings PLC owned about 0.16% of International Bancshares at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in IBOC. Dupont Capital Management Corp bought a new stake in shares of International Bancshares during the fourth quarter worth approximately $41,000. Tower Research Capital LLC TRC raised its stake in shares of International Bancshares by 1,328.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,415 shares of the bank’s stock worth $154,000 after buying an additional 3,176 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of International Bancshares during the third quarter worth approximately $213,000. Jane Street Group LLC bought a new stake in shares of International Bancshares during the third quarter worth approximately $235,000. Finally, Meeder Asset Management Inc. raised its stake in shares of International Bancshares by 307.1% during the fourth quarter. Meeder Asset Management Inc. now owns 6,103 shares of the bank’s stock worth $210,000 after buying an additional 4,604 shares during the last quarter. 58.44% of the stock is owned by institutional investors.
IBOC opened at $40.28 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.64 billion, a P/E ratio of 12.33 and a beta of 1.37. International Bancshares Corp has a fifty-two week low of $32.56 and a fifty-two week high of $47.95.
Separately, BidaskClub raised shares of International Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th.
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About International Bancshares
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.
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