Mutual of America Capital Management LLC Decreases Stake in International Bancshares Corporation (NASDAQ:IBOC)

Mutual of America Capital Management LLC lowered its position in International Bancshares Corporation (NASDAQ:IBOC) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,532 shares of the bank’s stock after selling 726 shares during the quarter. Mutual of America Capital Management LLC’s holdings in International Bancshares were worth $1,736,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new position in International Bancshares in the first quarter worth approximately $63,000. GAMMA Investing LLC raised its holdings in International Bancshares by 183.1% during the first quarter. GAMMA Investing LLC now owns 1,124 shares of the bank’s stock worth $71,000 after purchasing an additional 727 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in International Bancshares during the fourth quarter worth approximately $88,000. Sterling Capital Management LLC raised its holdings in International Bancshares by 836.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,741 shares of the bank’s stock worth $110,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in International Bancshares by 8.9% during 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 in the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Down 0.2%

IBOC stock opened at $69.53 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.05. International Bancshares Corporation has a twelve month low of $54.11 and a twelve month high of $76.91. The company’s 50 day moving average is $65.72 and its two-hundred day moving average is $64.03. The stock has a market cap of $4.32 billion, a P/E ratio of 10.58 and a beta of 0.82.

International Bancshares (NASDAQ:IBOC) last released its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%. The company had revenue of $198.22 million for the quarter.

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.