Teacher Retirement System of Texas Sells 16,407 Shares of International Bancshares Co. (NASDAQ:IBOC)

Teacher Retirement System of Texas lowered its holdings in shares of International Bancshares Co. (NASDAQ:IBOC - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,300 shares of the bank's stock after selling 16,407 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of International Bancshares worth $1,755,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IBOC. Boston Trust Walden Corp raised its position in International Bancshares by 77.2% in the 4th quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank's stock valued at $55,434,000 after buying an additional 444,674 shares during the last quarter. Qube Research & Technologies Ltd raised its position in International Bancshares by 777.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 58,266 shares of the bank's stock valued at $2,525,000 after buying an additional 51,627 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in International Bancshares by 1,035.5% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 101,676 shares of the bank's stock valued at $4,407,000 after buying an additional 92,722 shares during the last quarter. American Century Companies Inc. raised its position in International Bancshares by 12.2% in the 3rd quarter. American Century Companies Inc. now owns 570,126 shares of the bank's stock valued at $24,709,000 after buying an additional 62,148 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in International Bancshares by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,539,677 shares of the bank's stock valued at $83,635,000 after buying an additional 29,818 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company's stock.

International Bancshares Stock Up 0.3 %

IBOC stock traded up $0.17 during mid-day trading on Friday, reaching $60.69. The company had a trading volume of 201,281 shares, compared to its average volume of 225,246. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $55.90 and a two-hundred day simple moving average of $52.44. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 9.27 and a beta of 0.92. International Bancshares Co. has a 52 week low of $41.96 and a 52 week high of $61.40.

International Bancshares (NASDAQ:IBOC - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The bank reported $1.71 earnings per share for the quarter. The firm had revenue of $211.03 million during the quarter. International Bancshares had a return on equity of 17.50% and a net margin of 40.92%.

Insider Buying and Selling at International Bancshares

In other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $54.22, for a total value of $2,168,800.00. Following the completion of the transaction, the director now directly owns 1,312,245 shares in the company, valued at $71,149,923.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.93% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded International Bancshares from a "sell" rating to a "hold" rating in a research note on Saturday, May 11th.

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.