Teacher Retirement System of Texas lowered its stake in shares of International Bancshares Corporation (NASDAQ:IBOC) by 24.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,362 shares of the bank’s stock after selling 6,436 shares during the period. Teacher Retirement System of Texas’ holdings in International Bancshares were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of International Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,407,121 shares of the bank’s stock valued at $404,674,000 after buying an additional 18,408 shares during the last quarter. American Century Companies Inc. raised its position in shares of International Bancshares by 57.0% during the fourth quarter. American Century Companies Inc. now owns 1,753,478 shares of the bank’s stock valued at $110,750,000 after buying an additional 636,533 shares during the last quarter. First Trust Advisors LP increased its position in International Bancshares by 21.3% in the fourth quarter. First Trust Advisors LP now owns 1,450,040 shares of the bank’s stock worth $91,585,000 after purchasing an additional 255,070 shares during the last quarter. Northern Trust Corp increased its position in International Bancshares by 10.4% in the fourth quarter. Northern Trust Corp now owns 844,517 shares of the bank’s stock worth $53,340,000 after purchasing an additional 79,814 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in International Bancshares by 13.2% in the first quarter. Reinhart Partners LLC. now owns 777,713 shares of the bank’s stock worth $49,043,000 after purchasing an additional 90,553 shares during the last quarter. Institutional investors own 65.91% of the company’s stock. International Bancshares (<a>NASDAQ:IBOC</a> – <a>Get Free Report</a>) last posted its quarterly earnings data on Monday, May 5th. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a net margin of 39.30% and a return on equity of 14.84%. The business had revenue of $198.22 million for the quarter. About International Bancshares (<a>Free Report</a>) 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. 

Teacher Retirement System of Texas Sells 6,436 Shares of International Bancshares Corporation (NASDAQ:IBOC)

The Teacher Retirement System of Texas reduced its stake in International Bancshares Corporation (NASDAQ:IBOC) by 24% in Q1, selling 6,436 shares to 20,362 remaining. Other institutional investors, including Vanguard, American Century, and First Trust Advisors, increased their holdings. The bank reported $1.56 EPS with a 39.30% net margin and $198.22M revenue. International Bancshares operates in Texas and Oklahoma, offering banking services.