Teachers Advisors LLC increased its position in shares of International Bancshares Corp (NASDAQ:IBOC) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,490 shares of the bank’s stock after purchasing an additional 2,781 shares during the period. Teachers Advisors LLC owned approximately 0.16% of International Bancshares worth $4,792,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of International Bancshares by 1,328.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,415 shares of the bank’s stock worth $154,000 after purchasing an additional 3,176 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of International Bancshares during the 3rd quarter worth about $213,000. Renaissance Technologies LLC purchased a new position in shares of International Bancshares during the 2nd quarter worth about $205,000. Jane Street Group LLC purchased a new position in shares of International Bancshares during the 3rd quarter worth about $235,000. Finally, First Quadrant L P CA purchased a new position in shares of International Bancshares during the 3rd quarter worth about $258,000. 59.20% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub cut shares of International Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, November 30th.

International Bancshares stock opened at $37.34 on Tuesday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.75. International Bancshares Corp has a 1 year low of $32.56 and a 1 year high of $47.95.

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International Bancshares 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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Institutional Ownership by Quarter for International Bancshares (NASDAQ:IBOC)

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