International Bancshares Corp (NASDAQ:IBOC) Director Antonio R. Sanchez, Jr. sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $40.75, for a total transaction of $1,018,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of International Bancshares Corp (IBOC) opened at $41.75 on Friday. The stock has a market cap of $2,759.55, a PE ratio of 17.69 and a beta of 1.48. International Bancshares Corp has a 52-week low of $32.50 and a 52-week high of $42.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.74 and a quick ratio of 0.74.
International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings results on Wednesday, February 28th. The bank reported $0.68 EPS for the quarter. The business had revenue of $134.50 million during the quarter. International Bancshares had a return on equity of 8.75% and a net margin of 27.84%.
Hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in International Bancshares in the fourth quarter valued at about $123,000. Crossmark Global Holdings Inc. acquired a new position in International Bancshares in the fourth quarter valued at about $207,000. Verition Fund Management LLC acquired a new position in International Bancshares in the fourth quarter valued at about $215,000. Xact Kapitalforvaltning AB acquired a new position in International Bancshares in the fourth quarter valued at about $222,000. Finally, Cullen Frost Bankers Inc. acquired a new position in International Bancshares in the fourth quarter valued at about $285,000. 57.70% of the stock is owned by institutional investors and hedge funds.
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International Bancshares Company Profile
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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