New York State Teachers Retirement System decreased its position in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the SEC. 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 about 0.15% of International Bancshares worth $5,754,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in International Bancshares in the first quarter valued at $1,255,000. Bessemer Group Inc. grew its holdings in 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 during the last quarter. Cetera Investment Advisers acquired a new stake in International Bancshares in the fourth quarter valued at $212,000. Janney Montgomery Scott LLC grew its holdings in International Bancshares by 14.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,091 shares of the bank's stock valued at $573,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in International Bancshares in the fourth quarter valued at $320,000. Institutional investors and hedge funds own 65.91% of the company's stock.
International Bancshares Price Performance
International Bancshares stock traded up $0.47 during trading hours on Tuesday, hitting $70.37. The stock had a trading volume of 82,683 shares, compared to its average volume of 253,674. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 10.71 and a beta of 0.82. International Bancshares Corporation has a 1-year low of $54.11 and a 1-year high of $76.91. The stock's fifty day moving average is $64.43 and its two-hundred day moving average is $63.68.
International Bancshares (NASDAQ:IBOC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. International Bancshares had a return on equity of 14.84% and a net margin of 39.30%. The business had revenue of $198.22 million for the quarter.
About International Bancshares
(
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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