Hancock Whitney Corp Purchases 314 Shares of International Bancshares Co. (NASDAQ:IBOC)

Hancock Whitney Corp grew its position in International Bancshares Co. (NASDAQ:IBOC) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,012 shares of the bank’s stock after purchasing an additional 314 shares during the quarter. Hancock Whitney Corp’s holdings in International Bancshares were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its stake in International Bancshares by 73.1% in the 1st quarter. Janus Henderson Group PLC now owns 44,406 shares of the bank’s stock worth $2,491,000 after buying an additional 18,749 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in International Bancshares during the 2nd quarter valued at approximately $39,000. Foundry Partners LLC purchased a new position in International Bancshares in the 3rd quarter worth approximately $8,937,000. Intech Investment Management LLC bought a new position in International Bancshares in the 2nd quarter worth approximately $756,000. Finally, Bank of New York Mellon Corp grew its holdings in International Bancshares by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 716,499 shares of the bank’s stock valued at $40,991,000 after buying an additional 18,852 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s 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 transaction, the chief executive officer now directly owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.93% of the company’s stock.

International Bancshares Price Performance

Shares of NASDAQ:IBOC opened at $73.88 on Wednesday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 11.49 and a beta of 0.87. The firm has a fifty day moving average price of $64.40 and a 200 day moving average price of $61.32. International Bancshares Co. has a fifty-two week low of $44.24 and a fifty-two week high of $76.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

International Bancshares 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.