New York State Teachers Retirement System lessened its position in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,243 shares of the bank's stock after selling 3,949 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of International Bancshares worth $5,754,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of IBOC. CENTRAL TRUST Co bought a new stake in shares of International Bancshares in the 1st quarter worth $63,000. GAMMA Investing LLC raised its stake 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 worth $71,000 after buying an additional 727 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of International Bancshares in the 4th quarter worth $88,000. Sterling Capital Management LLC raised its stake 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 worth $110,000 after buying an additional 1,555 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of International Bancshares by 8.9% during the first quarter. Bessemer Group Inc. now owns 2,712 shares of the bank's stock worth $171,000 after purchasing an additional 222 shares during the period. Institutional investors own 65.91% of the company's stock.
International Bancshares Trading Up 1.3%
Shares of International Bancshares stock traded up $0.92 on Friday, reaching $71.19. 128,517 shares of the company were exchanged, compared to its average volume of 254,177. The stock has a fifty day moving average price of $64.26 and a 200-day moving average price of $63.63. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 10.84 and a beta of 0.82. 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 fifty-two week low of $54.11 and a fifty-two week high of $76.91.
International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its earnings results on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $198.22 million for the quarter. International Bancshares had a return on equity of 14.84% and a net margin of 39.30%.
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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