Zebra Capital Management Lowers stake in International Bancshares Corp (IBOC)

International Bancshares Corp (IBOC) : Zebra Capital Management reduced its stake in International Bancshares Corp by 5.59% during the most recent quarter end. The investment management company now holds a total of 83,116 shares of International Bancshares Corp which is valued at $2,348,858 after selling 4,921 shares in International Bancshares Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.International Bancshares Corp makes up approximately 0.78% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans added IBOC to its portfolio by purchasing 7,770 company shares during the most recent quarter which is valued at $219,580.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in IBOC in the latest quarter, The investment management firm added 762 additional shares and now holds a total of 10,662 shares of International Bancshares Corp which is valued at $301,308. International Bancshares Corp makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Signaturefd added IBOC to its portfolio by purchasing 64 company shares during the most recent quarter which is valued at $1,755.Strs Ohio reduced its stake in IBOC by selling 400 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 38,500 shares of IBOC which is valued at $1,069,145.Retirement Systems Of Alabama boosted its stake in IBOC in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 71,454 shares of International Bancshares Corp which is valued at $1,984,278. International Bancshares Corp makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.

International Bancshares Corp opened for trading at $29.4 and hit $29.81 on the upside on Monday, eventually ending the session at $29.6, with a gain of 0.95% or 0.28 points. The heightened volatility saw the trading volume jump to 4,88,148 shares. Company has a market cap of $1,952 M.

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. The primary markets of the Company are South Central and Southeast Texas and the state of Oklahoma. Its banking subsidiaries facilitate international trade along the United States border with Mexico and elsewhere. The bank subsidiaries primarily focus on providing commercial banking services to small and medium sized businesses located in their trade areas. Its insurance-related subsidiary is in the business of reinsuring credit life and credit accident and health insurance.

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