New York State Teachers Retirement System Acquires 5,120 Shares of International Bancshares Co. (NASDAQ:IBOC)

New York State Teachers Retirement System increased its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,267 shares of the bank’s stock after acquiring an additional 5,120 shares during the quarter. New York State Teachers Retirement System owned about 0.16% of International Bancshares worth $5,501,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in International Bancshares by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 31,365 shares of the bank’s stock valued at $1,359,000 after buying an additional 305 shares during the period. Yousif Capital Management LLC increased its holdings in International Bancshares by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 28,422 shares of the bank’s stock valued at $1,200,000 after buying an additional 465 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in International Bancshares by 1.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,955 shares of the bank’s stock valued at $2,103,000 after buying an additional 551 shares during the period. Alps Advisors Inc. increased its holdings in International Bancshares by 8.3% in the 3rd quarter. Alps Advisors Inc. now owns 7,635 shares of the bank’s stock valued at $331,000 after buying an additional 585 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in International Bancshares by 3.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,660 shares of the bank’s stock valued at $825,000 after buying an additional 589 shares during the period. 65.91% of the stock is owned by institutional investors.

International Bancshares Trading Down 1.4 %

IBOC opened at $52.48 on Friday. The company’s 50 day moving average is $53.49 and its 200-day moving average is $49.96. International Bancshares Co. has a 1-year low of $39.10 and a 1-year high of $56.53. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.26 billion, a P/E ratio of 7.93 and a beta of 0.94.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Monday, February 26th. The bank reported $1.71 earnings per share for the quarter. International Bancshares had a net margin of 42.45% and a return on equity of 18.32%. The company had revenue of $211.03 million for the quarter.

International Bancshares Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were paid a $0.66 dividend. This is an increase from International Bancshares’s previous semi-annual dividend of $0.63. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, February 14th. International Bancshares’s dividend payout ratio (DPR) is presently 19.94%.

Insider Activity

In other 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 shares were sold at an average price of $54.22, for a total value of $2,168,800.00. Following the sale, the director now directly owns 1,312,245 shares in the company, valued at approximately $71,149,923.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 14.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of International Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 4th.

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.