Amalgamated Bank Sells 1,417 Shares of International Bancshares Co. (NASDAQ:IBOC)

Amalgamated Bank trimmed its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,570 shares of the bank’s stock after selling 1,417 shares during the period. Amalgamated Bank’s holdings in International Bancshares were worth $1,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake 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 worth $366,673,000 after buying an additional 152,165 shares during the last quarter. Boston Trust Walden Corp raised its stake in shares of International Bancshares by 1.3% during the second quarter. Boston Trust Walden Corp now owns 1,476,460 shares of the bank’s stock worth $84,468,000 after buying an additional 18,362 shares during the last quarter. American Century Companies Inc. raised its stake in shares of International Bancshares by 21.6% during the second quarter. American Century Companies Inc. now owns 993,128 shares of the bank’s stock worth $56,817,000 after buying an additional 176,334 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of International Bancshares by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank’s stock worth $40,991,000 after buying an additional 18,852 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of International Bancshares by 5.6% during the third quarter. Reinhart Partners LLC. now owns 682,144 shares of the bank’s stock worth $40,785,000 after buying an additional 36,284 shares during the last quarter. 65.91% of the stock is owned by institutional investors.

International Bancshares Stock Down 1.7 %

Shares of NASDAQ:IBOC opened at $71.85 on Wednesday. International Bancshares Co. has a 52 week low of $43.96 and a 52 week high of $73.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $4.47 billion, a PE ratio of 11.20 and a beta of 0.87. The company has a 50 day moving average price of $62.01 and a two-hundred day moving average price of $60.27.

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.