International Bancshares Corporation $IBOC Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in shares of International Bancshares Corporation (NASDAQ:IBOC) by 19.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,120 shares of the bank’s stock after selling 7,549 shares during the quarter. Texas Permanent School Fund Corp owned about 0.05% of International Bancshares worth $2,138,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IBOC. Vanguard Personalized Indexing Management LLC lifted its position in International Bancshares by 4.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,345 shares of the bank’s stock worth $289,000 after buying an additional 169 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of International Bancshares by 0.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,169 shares of the bank’s stock valued at $2,075,000 after acquiring an additional 192 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of International Bancshares by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 65,320 shares of the bank’s stock valued at $4,348,000 after acquiring an additional 211 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of International Bancshares by 1.2% during the 2nd quarter. Diversified Trust Co now owns 20,152 shares of the bank’s stock worth $1,341,000 after acquiring an additional 240 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of International Bancshares by 67.3% in the second quarter. UMB Bank n.a. now owns 629 shares of the bank’s stock worth $42,000 after acquiring an additional 253 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of International Bancshares in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

International Bancshares Stock Performance

International Bancshares stock opened at $70.45 on Monday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 10.42 and a beta of 0.76. International Bancshares Corporation has a 12 month low of $54.11 and a 12 month high of $73.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $67.56 and its 200-day moving average is $68.28.

International Bancshares (NASDAQ:IBOC) last posted its earnings results on Thursday, November 6th. The bank reported $1.74 earnings per share (EPS) for the quarter. International Bancshares had a net margin of 40.10% and a return on equity of 14.20%. The firm had revenue of $218.08 million during the quarter.

International Bancshares Profile

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.