BW Gestao de Investimentos Ltda. Invests $4.65 Million in International Bancshares Corporation $IBOC

BW Gestao de Investimentos Ltda. bought a new position in shares of International Bancshares Corporation (NASDAQ:IBOC) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 70,000 shares of the bank’s stock, valued at approximately $4,651,000. BW Gestao de Investimentos Ltda. owned 0.11% of International Bancshares at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in International Bancshares by 82.5% in 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. Rothschild Investment LLC increased its holdings in International Bancshares by 554.4% in the 3rd quarter. Rothschild Investment LLC now owns 589 shares of the bank’s stock worth $40,000 after acquiring an additional 499 shares during the last quarter. Danske Bank A S purchased a new stake in International Bancshares in the 3rd quarter worth about $48,000. Aquatic Capital Management LLC purchased a new stake in International Bancshares in the 3rd quarter worth about $89,000. Finally, Exchange Traded Concepts LLC purchased a new stake in International Bancshares in the 4th quarter worth about $96,000. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Stock Up 1.5%

Shares of NASDAQ IBOC opened at $71.99 on Wednesday. International Bancshares Corporation has a 12 month low of $61.15 and a 12 month high of $75.44. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 10.74 and a beta of 0.68. The business has a 50-day moving average of $70.82 and a 200-day moving average of $69.64.

International Bancshares (NASDAQ:IBOC) last issued its quarterly earnings data on Thursday, May 7th. The bank reported $1.64 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $257.28 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered International Bancshares from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “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.