International Bancshares Co. (NASDAQ:IBOC) Director Sells $1,433,100.00 in Stock

International Bancshares Co. (NASDAQ:IBOCGet 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, began coverage on International Bancshares in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Read Our Latest Stock Analysis on IBOC

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

(Get Free Report)

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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