Teachers Retirement System of The State of Kentucky Buys 953 Shares of International Bancshares Co. (NASDAQ:IBOC)

Teachers Retirement System of The State of Kentucky grew its stake in shares of International Bancshares Co. (NASDAQ:IBOCGet Rating) by 2.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,718 shares of the bank’s stock after acquiring an additional 953 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.07% of International Bancshares worth $1,930,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBOC. Assenagon Asset Management S.A. increased its holdings in International Bancshares by 3,283.0% during the first quarter. Assenagon Asset Management S.A. now owns 978,761 shares of the bank’s stock valued at $41,314,000 after buying an additional 949,829 shares during the period. Wellington Management Group LLP increased its holdings in International Bancshares by 9.4% during the first quarter. Wellington Management Group LLP now owns 3,303,161 shares of the bank’s stock valued at $139,427,000 after buying an additional 284,432 shares during the period. State Street Corp increased its holdings in International Bancshares by 12.2% during the first quarter. State Street Corp now owns 2,566,311 shares of the bank’s stock valued at $108,324,000 after buying an additional 279,303 shares during the period. Goldman Sachs Group Inc. increased its holdings in International Bancshares by 22.5% during the first quarter. Goldman Sachs Group Inc. now owns 825,170 shares of the bank’s stock valued at $34,830,000 after buying an additional 151,474 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in International Bancshares by 257.1% during the first quarter. Victory Capital Management Inc. now owns 197,352 shares of the bank’s stock valued at $7,853,000 after buying an additional 142,090 shares during the period. 79.01% of the stock is owned by hedge funds and other institutional investors.

International Bancshares Stock Up 1.0 %

Shares of IBOC stock opened at $44.52 on Wednesday. The company’s 50 day moving average is $42.81 and its 200 day moving average is $41.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.77 and a quick ratio of 0.77. International Bancshares Co. has a 52-week low of $38.00 and a 52-week high of $46.67.

International Bancshares Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, August 29th. Shareholders of record on Tuesday, August 16th were issued a $0.60 dividend. This represents a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 15th.

International Bancshares Profile

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International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services.

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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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