Profund Advisors LLC Sells 4,765 Shares of International Bancshares Corporation (IBOC)

Profund Advisors LLC lowered its stake in International Bancshares Corporation (NASDAQ:IBOC) by 35.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,752 shares of the bank’s stock after selling 4,765 shares during the quarter. Profund Advisors LLC’s holdings in International Bancshares Corporation were worth $307,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in International Bancshares Corporation by 0.9% in the 2nd quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock valued at $274,000 after buying an additional 72 shares in the last quarter. Arizona State Retirement System lifted its stake in International Bancshares Corporation by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock valued at $859,000 after buying an additional 300 shares in the last quarter. Comerica Bank lifted its stake in International Bancshares Corporation by 0.9% in the 2nd quarter. Comerica Bank now owns 44,961 shares of the bank’s stock valued at $1,601,000 after buying an additional 389 shares in the last quarter. Texas Permanent School Fund lifted its stake in International Bancshares Corporation by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock valued at $1,487,000 after buying an additional 395 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in International Bancshares Corporation by 1.3% in the 2nd quarter. Seizert Capital Partners LLC now owns 103,811 shares of the bank’s stock valued at $3,639,000 after buying an additional 1,379 shares in the last quarter. 55.59% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered International Bancshares Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.

In other International Bancshares Corporation news, VP R David Guerra sold 2,500 shares of International Bancshares Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $36.67, for a total transaction of $91,675.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 15,000 shares of International Bancshares Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $36.52, for a total transaction of $547,800.00. Following the transaction, the director now owns 1,672,890 shares in the company, valued at $61,093,942.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock worth $3,177,275. Corporate insiders own 17.93% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Profund Advisors LLC Sells 4,765 Shares of International Bancshares Corporation (IBOC)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://ledgergazette.com/2017/10/09/profund-advisors-llc-sells-4765-shares-of-international-bancshares-corporation-iboc.html.

International Bancshares Corporation (IBOC) opened at 41.30 on Monday. The firm’s 50 day moving average price is $37.45 and its 200-day moving average price is $35.84. International Bancshares Corporation has a 52 week low of $29.31 and a 52 week high of $42.25. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 19.12 and a beta of 1.54.

International Bancshares Corporation (NASDAQ:IBOC) last posted its quarterly earnings data on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation h

A number of other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in International Bancshares Corporation by 0.9% in the 2nd quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock valued at $274,000 after buying an additional 72 shares in the last quarter. Arizona State Retirement System lifted its stake in International Bancshares Corporation by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock valued at $859,000 after buying an additional 300 shares in the last quarter. Comerica Bank lifted its stake in International Bancshares Corporation by 0.9% in the 2nd quarter. Comerica Bank now owns 44,961 shares of the bank’s stock valued at $1,601,000 after buying an additional 389 shares in the last quarter. Texas Permanent School Fund lifted its stake in International Bancshares Corporation by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock valued at $1,487,000 after buying an additional 395 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in International Bancshares Corporation by 1.3% in the 2nd quarter. Seizert Capital Partners LLC now owns 103,811 shares of the bank’s stock valued at $3,639,000 after buying an additional 1,379 shares in the last quarter. 55.59% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered International Bancshares Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.

In other International Bancshares Corporation news, VP R David Guerra sold 2,500 shares of International Bancshares Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $36.67, for a total transaction of $91,675.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 15,000 shares of International Bancshares Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $36.52, for a total transaction of $547,800.00. Following the transaction, the director now owns 1,672,890 shares in the company, valued at $61,093,942.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,500 shares of company stock worth $3,177,275. Corporate insiders own 17.93% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Profund Advisors LLC Sells 4,765 Shares of International Bancshares Corporation (IBOC)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://ledgergazette.com/2017/10/09/profund-advisors-llc-sells-4765-shares-of-international-bancshares-corporation-iboc.html.

International Bancshares Corporation (IBOC) opened at 41.30 on Monday. The firm’s 50 day moving average price is $37.45 and its 200-day moving average price is $35.84. International Bancshares Corporation has a 52 week low of $29.31 and a 52 week high of $42.25. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 19.12 and a beta of 1.54.

International Bancshares Corporation (NASDAQ:IBOC) last posted its quarterly earnings data on Monday, August 7th. The bank reported $0.61 earnings per share for the quarter. International Bancshares Corporation had a net margin of 26.21% and a return on equity of 8.20%. Analysts expect that International Bancshares Corporation will post $1.59 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.33 per share. This represents a yield of 1.74%. The ex-dividend date is Thursday, September 28th. International Bancshares Corporation’s payout ratio is 9.03%.

About International Bancshares Corporation

International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

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

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