Polaris Capital Management Llc Decreased International Bancshares Corp (NASDAQ:IBOC) Stake By $21.33 Million

August 12, 2018 - By Russell Jones

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.11, from 1.23 in 2017Q4. It is negative, as 10 investors sold IBOC shares while 49 reduced holdings. 13 funds opened positions while 53 raised stakes. 37.37 million shares or 2.41% more from 36.49 million shares in 2017Q4 were reported. 27,222 are held by Mason Street Advsr Ltd Liability Corp. Quantitative Systematic Strategies reported 0.12% stake. Metropolitan Life Com New York stated it has 0% in International Bancshares Corporation (NASDAQ:IBOC). Great West Life Assurance Can accumulated 32,268 shares. Federated Investors Pa invested in 23,654 shares. Massachusetts-based Wellington Mgmt Ltd Liability Partnership has invested 0.02% in International Bancshares Corporation (NASDAQ:IBOC). Teachers Retirement Of The State Of Kentucky reported 0.02% of its portfolio in International Bancshares Corporation (NASDAQ:IBOC). Advantus Cap Mgmt holds 0.01% or 6,573 shares in its portfolio. Polaris Mngmt Llc invested 2.31% in International Bancshares Corporation (NASDAQ:IBOC). 44,918 were accumulated by Voya Invest Lc. Schwab Charles Inv Mngmt holds 560,976 shares. Jpmorgan Chase Communication holds 0% of its portfolio in International Bancshares Corporation (NASDAQ:IBOC) for 56,565 shares. Raymond James Fin Advisors reported 0% in International Bancshares Corporation (NASDAQ:IBOC). California State Teachers Retirement System reported 83,430 shares or 0.01% of all its holdings. Pub Employees Retirement Association Of Colorado reported 10,510 shares stake.

Since March 6, 2018, it had 0 insider purchases, and 1 insider sale for $1.02 million activity.

Polaris Capital Management Llc decreased its stake in International Bancshares Corp (NASDAQ:IBOC) by 31.47% based on its latest 2018Q2 regulatory filing with the SEC. Polaris Capital Management Llc sold 507,793 shares as the company’s stock rose 6.16% while stock markets declined. The hedge fund held 1.11 million shares of the major banks company at the end of 2018Q2, valued at $47.32M, down from 1.61M at the end of the previous reported quarter. Polaris Capital Management Llc who had been investing in International Bancshares Corp for a number of months, seems to be less bullish one the $3.02 billion market cap company. It closed at $45.6 lastly. It is down 26.21% since August 13, 2017 and is uptrending. It has outperformed by 13.64% the S&P500.

Created in 1995, Polaris Capital Management is a global company with main focus value equity investments. The manager of Polaris Bernard Horn, had previously been employed for MDT advisers and from MIT’s Sloan School a master’s degree in Management. Polaris Capital Management Llc is a Massachusetts-based hedge fund that was founded by Bernard Horn. It had more than $4.42 billion assets under management in April, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Polaris Capital Management latest Adv, the fund reported to have 13 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. The company has market cap of $3.02 billion. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. It has a 15.94 P/E ratio. The firm also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

More important recent International Bancshares Corporation (NASDAQ:IBOC) news were published by: Bizjournals.com which released: “Tear down the strip club: Texas developer seals deal for Gulch towers” on August 03, 2018, also Bizjournals.com published article titled: “New look: Austin developer demolishes strip club for these towers”, Bizjournals.com published: “NYSE gives SA oil company extension to raise stock price” on July 18, 2018. More interesting news about International Bancshares Corporation (NASDAQ:IBOC) was released by: Businesswire.com and their article: “IBC Reports 46% Increase in Year to Date 2018 Earnings” with publication date: August 07, 2018.

International Bancshares Corporation (NASDAQ:IBOC) Institutional Positions Chart

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