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

Teacher Retirement System of Texas lowered its stake in International Bancshares Corporation (NASDAQ:IBOC - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,362 shares of the bank's stock after selling 6,436 shares during the period. 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 recently modified their holdings of IBOC. Bessemer Group Inc. grew its stake 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 worth $171,000 after purchasing an additional 222 shares during the last quarter. Hancock Whitney Corp increased its holdings 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 purchasing an additional 281 shares during the period. Quantinno Capital Management LP increased its holdings 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 purchasing an additional 331 shares during the period. Diversified Trust Co increased 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 valued at $1,256,000 after purchasing an additional 383 shares during the period. Finally, Janus Henderson Group PLC increased 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 valued at $3,428,000 after purchasing an additional 388 shares during the period. Hedge funds and other institutional investors own 65.91% of the company's stock.

International Bancshares Trading Up 0.7%

NASDAQ:IBOC traded up $0.49 during mid-day trading on Wednesday, reaching $68.30. 213,582 shares of the company's stock traded hands, compared to its average volume of 253,270. International Bancshares Corporation has a 12-month low of $54.11 and a 12-month high of $76.91. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.40 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. The company has a 50 day moving average price of $65.34 and a 200-day moving average price of $63.90.

International Bancshares (NASDAQ:IBOC - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $198.22 million for the quarter.

About International Bancshares

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.