International Bancshares (NASDAQ:IBOC) Reaches New 52-Week High – What’s Next?

International Bancshares Co. (NASDAQ:IBOC) shares hit a new 52-week high on Monday . The company traded as high as $75.90 and last traded at $75.76, with a volume of 26078 shares. The stock had previously closed at $73.40.

International Bancshares Trading Up 3.1 %

The stock has a market capitalization of $4.71 billion, a P/E ratio of 11.42 and a beta of 0.87. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $63.90 and its two-hundred day moving average price is $61.11.

Insider Transactions at International Bancshares

In other news, CEO Dennis E. Nixon sold 34,815 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the sale, the chief executive officer now directly owns 965,185 shares in the company, valued at approximately $69,667,053.30. This represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IBOC. Vanguard Group Inc. raised its holdings in shares of International Bancshares by 2.4% during the first quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock valued at $366,673,000 after acquiring an additional 152,165 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of International Bancshares by 36.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,562 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,766 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of International Bancshares by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,445 shares of the bank’s stock valued at $1,878,000 after purchasing an additional 1,935 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in International Bancshares by 73.1% in the first quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock worth $2,491,000 after buying an additional 18,749 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of International Bancshares during the 1st quarter worth approximately $218,000. Institutional investors own 65.91% of the company’s stock.

About International Bancshares

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.