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%.
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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.
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