International Bancshares Co. (NASDAQ:IBOC – Get Free Report) Director Antonio R. Sanchez, Jr. sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $47.77, for a total value of $1,433,100.00. Following the completion of the sale, the director now directly owns 1,442,245 shares of the company’s stock, valued at $68,896,043.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
International Bancshares Price Performance
Shares of IBOC traded down $0.19 during mid-day trading on Friday, hitting $46.88. The company’s stock had a trading volume of 368,478 shares, compared to its average volume of 230,677. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $43.81 and a 200 day simple moving average of $44.83. The firm has a market capitalization of $2.91 billion, a P/E ratio of 7.13 and a beta of 0.95. International Bancshares Co. has a 1-year low of $39.10 and a 1-year high of $53.22.
Analyst Ratings Changes
Separately, StockNews.com began coverage on International Bancshares in a report on Thursday, October 5th. They issued a “hold” rating for the company.
Institutional Trading of International Bancshares
Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in International Bancshares in the 4th quarter valued at approximately $27,000. US Bancorp DE increased its stake in International Bancshares by 113.4% in the 1st quarter. US Bancorp DE now owns 798 shares of the bank’s stock valued at $34,000 after purchasing an additional 424 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in International Bancshares in the 3rd quarter valued at approximately $47,000. Quantbot Technologies LP purchased a new position in International Bancshares in the 1st quarter valued at approximately $50,000. Finally, Harbor Capital Advisors Inc. purchased a new position in International Bancshares during the second quarter worth $57,000. 63.92% of the stock is owned by institutional investors and hedge funds.
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.
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