Siena Capital Partners GP LLC Makes New Investment in International Bancshares Corporation $IBOC

Siena Capital Partners GP LLC purchased a new position in shares of International Bancshares Corporation (NASDAQ:IBOC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 45,725 shares of the bank’s stock, valued at approximately $3,038,000.

Several other large investors have also recently made changes to their positions in IBOC. O Shaughnessy Asset Management LLC grew its holdings in shares of International Bancshares by 4.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,568 shares of the bank’s stock worth $1,167,000 after purchasing an additional 684 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of International Bancshares by 1.1% in the fourth quarter. WINTON GROUP Ltd now owns 18,402 shares of the bank’s stock worth $1,223,000 after purchasing an additional 196 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of International Bancshares by 10.8% in the fourth quarter. Reinhart Partners LLC. now owns 739,340 shares of the bank’s stock worth $49,123,000 after purchasing an additional 72,025 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of International Bancshares by 9.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 590,291 shares of the bank’s stock worth $39,219,000 after purchasing an additional 48,699 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of International Bancshares in the fourth quarter worth approximately $4,651,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

International Bancshares Stock Performance

NASDAQ:IBOC opened at $72.98 on Monday. The stock has a market cap of $4.54 billion, a P/E ratio of 10.89 and a beta of 0.68. The firm’s fifty day simple moving average is $71.21 and its 200 day simple moving average is $69.84. International Bancshares Corporation has a twelve month low of $61.15 and a twelve month high of $75.44. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings results on Thursday, May 7th. The bank reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.04). The company 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.