Boston Trust Walden Corp Sells 104,155 Shares of International Bancshares Corporation $IBOC

Boston Trust Walden Corp decreased its position in International Bancshares Corporation (NASDAQ:IBOC) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,087,661 shares of the bank’s stock after selling 104,155 shares during the period. Boston Trust Walden Corp owned 1.75% of International Bancshares worth $73,189,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of IBOC. Rockefeller Capital Management L.P. grew its stake in International Bancshares by 4,020.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 412 shares of the bank’s stock valued at $27,000 after buying an additional 402 shares in the last quarter. Hantz Financial Services Inc. grew its position in International Bancshares by 82.5% during the 4th quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock worth $32,000 after acquiring an additional 221 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in International Bancshares by 82.0% in the 4th quarter. Quadrant Capital Group LLC now owns 515 shares of the bank’s stock worth $34,000 after acquiring an additional 232 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of International Bancshares in the fourth quarter worth about $47,000. Finally, Danske Bank A S purchased a new position in shares of International Bancshares during the third quarter valued at approximately $48,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Performance

IBOC stock opened at $75.90 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $4.72 billion, a P/E ratio of 11.33 and a beta of 0.68. The stock’s fifty day moving average price is $73.39 and its 200-day moving average price is $70.88. International Bancshares Corporation has a 1 year low of $63.19 and a 1 year high of $78.46.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Thursday, May 7th. The bank reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.04). International Bancshares had a return on equity of 13.16% and a net margin of 39.33%.The business had revenue of $208.46 million during the quarter, compared to analysts’ expectations of $257.28 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded International Bancshares from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus price target of $85.00.

About International Bancshares

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.