California Public Employees Retirement System Grows Holdings in International Bancshares Corp (IBOC)

California Public Employees Retirement System grew its holdings in International Bancshares Corp (NASDAQ:IBOC) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 156,688 shares of the bank’s stock after acquiring an additional 4,477 shares during the period. California Public Employees Retirement System’s holdings in International Bancshares were worth $5,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in International Bancshares by 3.3% in the 3rd quarter. BlackRock Inc. now owns 6,409,799 shares of the bank’s stock worth $288,440,000 after purchasing an additional 202,735 shares in the last quarter. Vanguard Group Inc. lifted its stake in International Bancshares by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,381,184 shares of the bank’s stock worth $242,152,000 after purchasing an additional 119,663 shares in the last quarter. Vanguard Group Inc lifted its stake in International Bancshares by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 5,381,184 shares of the bank’s stock worth $242,152,000 after purchasing an additional 119,663 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in International Bancshares by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,778,570 shares of the bank’s stock worth $215,035,000 after purchasing an additional 23,269 shares in the last quarter. Finally, Polaris Capital Management LLC lifted its stake in International Bancshares by 3.0% in the 4th quarter. Polaris Capital Management LLC now owns 1,212,802 shares of the bank’s stock worth $41,720,000 after purchasing an additional 35,200 shares in the last quarter. 58.44% of the stock is currently owned by institutional investors and hedge funds.

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

IBOC opened at $40.49 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 0.77. International Bancshares Corp has a 1-year low of $32.56 and a 1-year high of $47.95. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 12.33 and a beta of 1.37.

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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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