New York State Common Retirement Fund Decreases Holdings in International Bancshares Corporation (NASDAQ:IBOC)

New York State Common Retirement Fund lowered its stake in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 96,153 shares of the bank's stock after selling 7,600 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of International Bancshares worth $6,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its holdings in shares of International Bancshares by 8.9% in the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after purchasing an additional 222 shares in the last quarter. Hancock Whitney Corp lifted its stake in International Bancshares by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 19,293 shares of the bank's stock valued at $1,219,000 after acquiring an additional 281 shares in the last quarter. Quantinno Capital Management LP lifted its stake in International Bancshares by 6.1% during the 4th quarter. Quantinno Capital Management LP now owns 5,796 shares of the bank's stock valued at $366,000 after acquiring an additional 331 shares in the last quarter. Diversified Trust Co boosted its holdings in International Bancshares by 2.0% during the 1st quarter. Diversified Trust Co now owns 19,912 shares of the bank's stock worth $1,256,000 after acquiring an additional 383 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in International Bancshares by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 54,245 shares of the bank's stock worth $3,428,000 after acquiring an additional 388 shares during the last quarter. 65.91% of the stock is owned by institutional investors.

International Bancshares Stock Down 2.0%

Shares of NASDAQ IBOC traded down $1.39 during trading on Thursday, hitting $68.62. The stock had a trading volume of 250,463 shares, compared to its average volume of 213,203. The firm has a fifty day moving average of $66.05 and a two-hundred day moving average of $64.19. The company has a market capitalization of $4.26 billion, a PE ratio of 10.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.73 and a quick ratio of 0.73. International Bancshares Corporation has a 12 month low of $54.11 and a 12 month high of $76.91.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. The business had revenue of $198.22 million for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%.

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.