Retirement Systems of Alabama Trims Holdings in International Bancshares Co. (NASDAQ:IBOC)

Retirement Systems of Alabama reduced its stake in shares of International Bancshares Co. (NASDAQ:IBOC) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,971 shares of the bank’s stock after selling 1,027 shares during the quarter. Retirement Systems of Alabama owned approximately 0.10% of International Bancshares worth $3,885,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBOC. Geode Capital Management LLC lifted its holdings in International Bancshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,352,406 shares of the bank’s stock valued at $80,874,000 after buying an additional 9,986 shares in the last quarter. Barclays PLC increased its position in shares of International Bancshares by 86.6% during the third quarter. Barclays PLC now owns 111,823 shares of the bank’s stock worth $6,686,000 after acquiring an additional 51,887 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of International Bancshares during the third quarter valued at approximately $583,000. Dorsey Wright & Associates purchased a new stake in shares of International Bancshares in the third quarter valued at approximately $257,000. Finally, Jane Street Group LLC grew its stake in International Bancshares by 10.6% in the third quarter. Jane Street Group LLC now owns 71,055 shares of the bank’s stock worth $4,248,000 after purchasing an additional 6,805 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors.

International Bancshares Trading Down 1.9 %

Shares of NASDAQ IBOC opened at $62.86 on Friday. International Bancshares Co. has a twelve month low of $48.85 and a twelve month high of $76.91. The firm has a market cap of $3.91 billion, a PE ratio of 9.78 and a beta of 0.90. The business has a fifty day simple moving average of $68.06 and a two-hundred day simple moving average of $62.67. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04.

Insider Activity at International Bancshares

In other International Bancshares news, CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the transaction, the chief executive officer now owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.93% of the stock is currently owned by corporate insiders.

International Bancshares 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.