Wellington Management Group LLP Sells 450,164 Shares of International Bancshares Co. (NASDAQ:IBOC)

Wellington Management Group LLP cut its position in shares of International Bancshares Co. (NASDAQ:IBOC) by 51.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 416,649 shares of the bank’s stock after selling 450,164 shares during the quarter. Wellington Management Group LLP owned about 0.67% of International Bancshares worth $24,911,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IBOC. American Century Companies Inc. increased its position 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 period. Foundry Partners LLC acquired a new stake in shares of International Bancshares during the third quarter worth $8,937,000. AQR Capital Management LLC increased its position in shares of International Bancshares by 45.7% during the second quarter. AQR Capital Management LLC now owns 316,260 shares of the bank’s stock worth $17,983,000 after buying an additional 99,164 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of International Bancshares during the second quarter worth $4,413,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of International Bancshares during the second quarter worth $39,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of International Bancshares stock in a transaction on 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 directly owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. The trade was 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. Insiders own 13.93% of the company’s stock.

International Bancshares Trading Down 0.4 %

IBOC opened at $69.80 on Friday. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $67.28 and a 200-day moving average of $62.32. The stock has a market cap of $4.34 billion, a PE ratio of 10.86 and a beta of 0.90.

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.