Fieldview Capital Management LLC Buys 14,239 Shares of International Bancshares Corporation $IBOC

Fieldview Capital Management LLC boosted its stake in shares of International Bancshares Corporation (NASDAQ:IBOC) by 153.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,545 shares of the bank’s stock after acquiring an additional 14,239 shares during the quarter. Fieldview Capital Management LLC’s holdings in International Bancshares were worth $1,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in International Bancshares by 7.1% during the 3rd quarter. American Century Companies Inc. now owns 3,090,223 shares of the bank’s stock worth $212,453,000 after acquiring an additional 204,536 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in International Bancshares by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,277,879 shares of the bank’s stock worth $151,342,000 after acquiring an additional 45,980 shares during the last quarter. Geode Capital Management LLC grew its holdings in International Bancshares by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,435,471 shares of the bank’s stock worth $95,385,000 after acquiring an additional 9,496 shares during the last quarter. First Trust Advisors LP grew its holdings in International Bancshares by 7.4% during the 4th quarter. First Trust Advisors LP now owns 1,364,148 shares of the bank’s stock worth $90,634,000 after acquiring an additional 93,610 shares during the last quarter. Finally, Azora Capital LP grew its holdings in International Bancshares by 3.5% during the 3rd quarter. Azora Capital LP now owns 1,128,361 shares of the bank’s stock worth $77,575,000 after acquiring an additional 38,195 shares during the last quarter. Institutional investors own 65.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of International Bancshares from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.00.

International Bancshares Price Performance

Shares of NASDAQ IBOC opened at $76.53 on Monday. The firm has a market capitalization of $4.76 billion, a PE ratio of 11.42 and a beta of 0.68. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. International Bancshares Corporation has a 1 year low of $61.15 and a 1 year high of $76.73. The firm’s 50-day moving average is $71.97 and its 200-day moving average is $70.20.

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

International Bancshares Company Profile

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.