Insider Selling: International Bancshares Corporation (IBOC) Director Sells 300,000 Shares of Stock

International Bancshares Corporation (NASDAQ:IBOC) Director Antonio R. Sanchez, Jr. sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $38.91, for a total value of $11,673,000.00. Following the sale, the director now owns 1,672,890 shares in the company, valued at $65,092,149.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of International Bancshares Corporation (NASDAQ IBOC) traded up $0.60 on Tuesday, hitting $39.45. The stock had a trading volume of 233,297 shares, compared to its average volume of 189,866. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68. International Bancshares Corporation has a twelve month low of $32.50 and a twelve month high of $42.35. The firm has a market capitalization of $2,567.00, a price-to-earnings ratio of 17.58 and a beta of 1.52.

International Bancshares Corporation (NASDAQ:IBOC) last released its quarterly earnings data on Wednesday, November 8th. The bank reported $0.59 EPS for the quarter. International Bancshares Corporation had a return on equity of 8.34% and a net margin of 26.36%.

TRADEMARK VIOLATION NOTICE: “Insider Selling: International Bancshares Corporation (IBOC) Director Sells 300,000 Shares of Stock” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2017/11/21/insider-selling-international-bancshares-corporation-iboc-director-sells-300000-shares-of-stock.html.

A number of hedge funds and other institutional investors have recently modified their holdings of IBOC. Amalgamated Bank lifted its position in shares of International Bancshares Corporation by 0.9% in the second quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock valued at $274,000 after buying an additional 72 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of International Bancshares Corporation by 0.7% during the second quarter. Suntrust Banks Inc. now owns 9,879 shares of the bank’s stock worth $346,000 after purchasing an additional 72 shares during the period. Arizona State Retirement System increased its stake in shares of International Bancshares Corporation by 1.2% during the second quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock worth $859,000 after purchasing an additional 300 shares during the period. Comerica Bank increased its stake in shares of International Bancshares Corporation by 0.9% during the second quarter. Comerica Bank now owns 44,961 shares of the bank’s stock worth $1,601,000 after purchasing an additional 389 shares during the period. Finally, Texas Permanent School Fund increased its stake in International Bancshares Corporation by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock worth $1,487,000 after acquiring an additional 395 shares during the period. 55.48% of the stock is owned by hedge funds and other institutional investors.

About International Bancshares Corporation

International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

Insider Buying and Selling by Quarter for International Bancshares Corporation (NASDAQ:IBOC)

What are top analysts saying about International Bancshares Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for International Bancshares Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit