International Bancshares Co. (NASDAQ:IBOC) Director Antonio R. Sanchez, Jr. Sells 30,112 Shares

International Bancshares Co. (NASDAQ:IBOC) Director Antonio R. Sanchez, Jr. sold 30,112 shares of International Bancshares stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $59.75, for a total transaction of $1,799,192.00. Following the sale, the director now owns 1,282,133 shares in the company, valued at approximately $76,607,446.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

International Bancshares Stock Down 1.9 %

IBOC stock opened at $57.25 on Friday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 8.74 and a beta of 0.92. International Bancshares Co. has a 1-year low of $41.96 and a 1-year high of $61.46. The firm has a fifty day moving average price of $56.31 and a two-hundred day moving average price of $52.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.71 and a quick ratio of 0.71.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Thursday, May 2nd. The bank reported $1.56 earnings per share for the quarter. International Bancshares had a net margin of 40.92% and a return on equity of 17.50%. The business had revenue of $205.85 million during the quarter.

Institutional Trading of International Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in IBOC. Norges Bank bought a new position in International Bancshares in the 4th quarter worth about $32,057,000. Boston Trust Walden Corp boosted its position in shares of International Bancshares by 77.2% during the fourth quarter. Boston Trust Walden Corp now owns 1,020,506 shares of the bank’s stock worth $55,434,000 after buying an additional 444,674 shares during the period. Vanguard Group Inc. grew its holdings in International Bancshares by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 6,531,395 shares of the bank’s stock worth $366,673,000 after buying an additional 152,165 shares in the last quarter. Eldred Rock Partners LLC acquired a new stake in International Bancshares in the 1st quarter valued at approximately $7,765,000. Finally, First Trust Advisors LP raised its stake in International Bancshares by 26.4% during the 4th quarter. First Trust Advisors LP now owns 651,845 shares of the bank’s stock valued at $35,408,000 after acquiring an additional 136,043 shares in the last quarter. 65.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised International Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

International Bancshares Company Profile

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.