Do Institutional Investors Love International Bancshares Corp (NASDAQ:IBOC)?

October 17, 2017 - By Linda Rogers

 Do Institutional Investors Love International Bancshares Corp (NASDAQ:IBOC)?

Sentiment for International Bancshares Corp (NASDAQ:IBOC)

International Bancshares Corp (NASDAQ:IBOC) institutional sentiment increased to 1.25 in Q2 2017. Its up 0.15, from 1.1 in 2017Q1. The ratio improved, as 76 hedge funds increased or opened new holdings, while 61 cut down and sold positions in International Bancshares Corp. The hedge funds in our partner’s database now hold: 35.69 million shares, down from 36.06 million shares in 2017Q1. Also, the number of hedge funds holding International Bancshares Corp in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 16 Reduced: 45 Increased: 59 New Position: 17.

International Bancshares Corporation is a financial holding company. The company has market cap of $2.74 billion. 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. It has a 19.22 P/E ratio. The primary markets of the Company are South, Central and Southeast Texas, an area bordered on the east by the Galveston area, to the northwest by Round Rock, to the southwest by Del Rio and to the southeast by Brownsville, as well as the State of Oklahoma.

It is down 29.45% since October 17, 2016 and is uptrending. It has outperformed by 12.75% the S&P500.

Sol Capital Management Co holds 3.18% of its portfolio in International Bancshares Corp for 329,525 shares. Polaris Capital Management Llc owns 849,405 shares or 1.75% of their US portfolio. Moreover, Zebra Capital Management Llc has 0.87% invested in the company for 79,892 shares. The Minnesota-based Foundry Partners Llc has invested 0.5% in the stock. Hancock Holding Co, a Mississippi-based fund reported 313,440 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $67,575 activity.

More important recent International Bancshares Corp (NASDAQ:IBOC) news were published by: Bizjournals.com which released: “IBC Bank’s profits rebound in second quarter” on August 10, 2017, also Bizjournals.com published article titled: “IBC Bank’s commercial loan volume declines in first quarter”, Bizjournals.com published: “Several institutional investors buy more shares of IBC Bank” on February 09, 2017. More interesting news about International Bancshares Corp (NASDAQ:IBOC) was released by: Bizjournals.com and their article: “IBC Bank earnings take a hit in 2016” with publication date: February 27, 2017.

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