New York State Teachers Retirement System lessened its stake in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,243 shares of the bank's stock after selling 3,949 shares during the period. New York State Teachers Retirement System owned 0.15% of International Bancshares worth $5,754,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co bought a new position in shares of International Bancshares during the 1st quarter valued at about $63,000. GAMMA Investing LLC lifted its holdings in shares of International Bancshares by 183.1% in the 1st quarter. GAMMA Investing LLC now owns 1,124 shares of the bank's stock valued at $71,000 after acquiring an additional 727 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of International Bancshares in the 4th quarter valued at about $88,000. Sterling Capital Management LLC lifted its holdings in shares of International Bancshares by 836.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank's stock valued at $110,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of International Bancshares by 8.9% in the 1st quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock valued at $171,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 65.91% of the company's stock.
International Bancshares Trading Down 0.1%
Shares of NASDAQ:IBOC traded down $0.07 during trading on Wednesday, reaching $70.01. The company's stock had a trading volume of 95,673 shares, compared to its average volume of 254,572. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.05. International Bancshares Corporation has a 12 month low of $54.11 and a 12 month high of $76.91. The firm's 50 day simple moving average is $64.78 and its two-hundred day simple moving average is $63.76. The stock has a market capitalization of $4.35 billion, a PE ratio of 10.66 and a beta of 0.82.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The bank reported $1.56 EPS for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%. The firm had revenue of $198.22 million during the quarter.
International Bancshares Profile
(
Free Report)
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.
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