Mutual of America Capital Management LLC Cuts Stock Holdings in International Bancshares Co. (NASDAQ:IBOC)

Mutual of America Capital Management LLC cut its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 5.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,908 shares of the bank’s stock after selling 1,709 shares during the quarter. Mutual of America Capital Management LLC’s holdings in International Bancshares were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of IBOC. Blue Trust Inc. lifted its stake in shares of International Bancshares by 141.0% in the 2nd quarter. Blue Trust Inc. now owns 523 shares of the bank’s stock worth $29,000 after purchasing an additional 306 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of International Bancshares in the second quarter worth about $39,000. LRI Investments LLC purchased a new position in International Bancshares in the 1st quarter worth approximately $117,000. CWM LLC lifted its stake in International Bancshares by 5,673.7% in the 3rd quarter. CWM LLC now owns 2,194 shares of the bank’s stock worth $131,000 after purchasing an additional 2,156 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of International Bancshares during the third quarter valued at about $202,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Insider Buying and Selling

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

International Bancshares Stock Up 2.4 %

Shares of IBOC opened at $73.40 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 11.42 and a beta of 0.87. International Bancshares Co. has a 1 year low of $44.24 and a 1 year high of $73.82. The business’s 50 day simple moving average is $63.90 and its 200-day simple moving average is $61.11.

International Bancshares Company Profile

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.