New York State Teachers Retirement System Trims Holdings in International Bancshares Co. (NASDAQ:IBOC)

New York State Teachers Retirement System lessened its holdings in shares of International Bancshares Co. (NASDAQ:IBOC) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,192 shares of the bank’s stock after selling 3,216 shares during the period. New York State Teachers Retirement System owned about 0.15% of International Bancshares worth $6,012,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vest Financial LLC increased its holdings in International Bancshares by 58.2% during the 4th quarter. Vest Financial LLC now owns 38,398 shares of the bank’s stock valued at $2,425,000 after purchasing an additional 14,127 shares during the period. Strategic Financial Concepts LLC bought a new stake in International Bancshares during the 4th quarter valued at approximately $3,989,000. Mirae Asset Global Investments Co. Ltd. boosted its position in International Bancshares by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,712 shares of the bank’s stock valued at $2,470,000 after acquiring an additional 6,107 shares in the last quarter. Boston Trust Walden Corp boosted its position in International Bancshares by 11.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,412,533 shares of the bank’s stock valued at $89,216,000 after acquiring an additional 144,684 shares in the last quarter. Finally, Tamar Securities LLC boosted its position in International Bancshares by 1.1% during the 4th quarter. Tamar Securities LLC now owns 608,674 shares of the bank’s stock valued at $38,444,000 after acquiring an additional 6,532 shares in the last quarter. Hedge funds and other institutional investors own 65.91% of the company’s stock.

International Bancshares Stock Performance

International Bancshares stock opened at $66.18 on Thursday. The stock’s 50 day simple moving average is $65.44 and its two-hundred day simple moving average is $64.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 10.29 and a beta of 0.93. International Bancshares Co. has a fifty-two week low of $48.85 and a fifty-two week high of $76.91.

International Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.23%. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 14th. International Bancshares’s payout ratio is presently 21.77%.

About International Bancshares

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.