Man Group plc Raises Stake in International Bancshares Corp (IBOC)

Man Group plc lifted its holdings in International Bancshares Corp (NASDAQ:IBOC) by 9.1% in the 3rd quarter, according to the company in its most …

International Bancshares logoMan Group plc lifted its holdings in International Bancshares Corp (NASDAQ:IBOC) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,700 shares of the bank’s stock after purchasing an additional 8,000 shares during the quarter. Man Group plc owned 0.14% of International Bancshares worth $4,306,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of International Bancshares by 12.3% during the third quarter. Pacer Advisors Inc. now owns 19,247 shares of the bank’s stock valued at $866,000 after purchasing an additional 2,110 shares during the last quarter. BlueMountain Capital Management LLC lifted its stake in International Bancshares by 18.9% in the 3rd quarter. BlueMountain Capital Management LLC now owns 13,129 shares of the bank’s stock worth $591,000 after acquiring an additional 2,088 shares in the last quarter. Jane Street Group LLC purchased a new stake in International Bancshares in the 3rd quarter worth about $235,000. Matarin Capital Management LLC purchased a new stake in International Bancshares in the 3rd quarter worth about $630,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in International Bancshares in the 3rd quarter worth about $694,000. 59.10% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ IBOC opened at $34.97 on Friday. The stock has a market cap of $2.32 billion, a PE ratio of 11.51 and a beta of 1.42. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. International Bancshares Corp has a 52 week low of $32.56 and a 52 week high of $47.95.

International Bancshares (NASDAQ:IBOC) last released its earnings results on Wednesday, November 7th. The bank reported $0.77 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 10.94% and a net margin of 33.00%.

Separately, BidaskClub lowered International Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, September 14th.

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International Bancshares Profile

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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