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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WINTON GROUP Ltd raised 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 valued at $1,223,000 after purchasing an additional 196 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of International Bancshares by 82.5% in the fourth quarter. Hantz Financial Services Inc. now owns 489 shares of the bank’s stock valued at $32,000 after acquiring an additional 221 shares in the last quarter. Quadrant Capital Group LLC lifted its position in International Bancshares by 82.0% during the fourth quarter. Quadrant Capital Group LLC now owns 515 shares of the bank’s stock worth $34,000 after purchasing an additional 232 shares during the period. CIBC Private Wealth Group LLC lifted its position in International Bancshares by 64.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 782 shares of the bank’s stock worth $52,000 after purchasing an additional 306 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in International Bancshares by 17.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,341 shares of the bank’s stock worth $156,000 after purchasing an additional 341 shares during the period. 65.91% of the stock is currently owned by institutional investors and hedge funds.

International Bancshares Price Performance

International Bancshares stock opened at $76.53 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.77. International Bancshares Corporation has a 52-week low of $61.15 and a 52-week high of $76.73. The firm has a 50 day moving average price of $71.97 and a two-hundred day moving average price of $70.20. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.42 and a beta of 0.68.

International Bancshares (NASDAQ:IBOC) last released its quarterly 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). International Bancshares had a return on equity of 13.16% and a net margin of 39.33%.The firm had revenue of $208.46 million for the quarter, compared to the consensus estimate of $257.28 million.

Wall Street Analyst Weigh In

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

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.