Teacher Retirement System of Texas Lowers Stake in International Bancshares Corporation (NASDAQ:IBOC)

Teacher Retirement System of Texas lowered its position in shares of International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 24.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,362 shares of the bank's stock after selling 6,436 shares during the quarter. Teacher Retirement System of Texas' holdings in International Bancshares were worth $1,284,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IBOC. American Century Companies Inc. lifted its holdings in International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank's stock valued at $110,750,000 after purchasing an additional 636,533 shares in the last quarter. Norges Bank purchased a new position in International Bancshares during the fourth quarter valued at approximately $39,913,000. Millennium Management LLC lifted its holdings in International Bancshares by 1,883.6% during the fourth quarter. Millennium Management LLC now owns 346,185 shares of the bank's stock valued at $21,865,000 after purchasing an additional 328,733 shares in the last quarter. First Trust Advisors LP lifted its holdings in International Bancshares by 21.3% during the fourth quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank's stock valued at $91,585,000 after purchasing an additional 255,070 shares in the last quarter. Finally, Jacobs Asset Management LLC bought a new stake in shares of International Bancshares during the fourth quarter valued at approximately $7,579,000. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Trading Down 1.3%

International Bancshares stock opened at $69.37 on Friday. The stock has a market cap of $4.31 billion, a P/E ratio of 10.56 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 1 year low of $54.11 and a 1 year high of $76.91. The firm's 50 day moving average price is $65.08 and its 200-day moving average price is $63.84.

International Bancshares (NASDAQ:IBOC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share (EPS) for the quarter. The firm 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 Company 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.

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