Teachers Advisors LLC grew its holdings in International Bancshares Corp (NASDAQ:IBOC) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,490 shares of the bank’s stock after purchasing an additional 2,781 shares during the quarter. Teachers Advisors LLC’s holdings in International Bancshares were worth $4,792,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of IBOC. Resources Management Corp CT ADV acquired a new position in International Bancshares during the 3rd quarter valued at approximately $472,000. MetLife Investment Advisors LLC increased its stake in International Bancshares by 18.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 70,466 shares of the bank’s stock valued at $3,171,000 after purchasing an additional 10,858 shares in the last quarter. Man Group plc increased its stake in International Bancshares by 9.1% during the 3rd quarter. Man Group plc now owns 95,700 shares of the bank’s stock valued at $4,306,000 after purchasing an additional 8,000 shares in the last quarter. Pacer Advisors Inc. increased its stake in International Bancshares by 12.3% during the 3rd quarter. Pacer Advisors Inc. now owns 19,247 shares of the bank’s stock valued at $866,000 after purchasing an additional 2,110 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its stake in International Bancshares by 18.9% during the 3rd quarter. BlueMountain Capital Management LLC now owns 13,129 shares of the bank’s stock valued at $591,000 after purchasing an additional 2,088 shares in the last quarter. Institutional investors and hedge funds own 59.20% of the company’s stock.
Separately, BidaskClub upgraded shares of International Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th.
Shares of International Bancshares stock opened at $37.34 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. International Bancshares Corp has a 12-month low of $32.56 and a 12-month high of $47.95. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 12.14 and a beta of 1.28.
International Bancshares Company Profile
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.
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