Zebra Capital Management buys $3,760,746 stake in International Bancshares Corp (IBOC)

International Bancshares Corp (IBOC) : Zebra Capital Management scooped up 15,851 additional shares in International Bancshares Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 98,967 shares of International Bancshares Corp which is valued at $3,760,746.International Bancshares Corp makes up approximately 1.12% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors added IBOC to its portfolio by purchasing 64 company shares during the most recent quarter which is valued at $2,432.Blackrock Group Ltd boosted its stake in IBOC in the latest quarter, The investment management firm added 331 additional shares and now holds a total of 49,417 shares of International Bancshares Corp which is valued at $1,551,694.California Public Employees Retirement System reduced its stake in IBOC by selling 10,000 shares or 8.36% in the most recent quarter. The Hedge Fund company now holds 109,680 shares of IBOC which is valued at $3,405,564. International Bancshares Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Reinhart Partners reduced its stake in IBOC by selling 3,100 shares or 6.69% in the most recent quarter. The Hedge Fund company now holds 43,220 shares of IBOC which is valued at $1,290,981. International Bancshares Corp makes up approx 0.13% of Reinhart Partners’s portfolio.

International Bancshares Corp opened for trading at $38.5 and hit $39.2 on the upside on Monday, eventually ending the session at $38.75, with a gain of 0.78% or 0.3 points. The heightened volatility saw the trading volume jump to 2,96,682 shares. Company has a market cap of $2,556 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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