International Bancshares Corporation (NASDAQ:IBOC) Director Antonio R. Sanchez, Jr. sold 15,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $36.52, for a total value of $547,800.00. Following the transaction, the director now owns 1,672,890 shares in the company, valued at approximately $61,093,942.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of International Bancshares Corporation (NASDAQ IBOC) traded down 0.28% during trading on Wednesday, reaching $36.00. The company’s stock had a trading volume of 129,714 shares. The firm has a market capitalization of $2.38 billion, a P/E ratio of 16.67 and a beta of 1.52. The company has a 50 day moving average price of $35.47 and a 200 day moving average price of $35.92. International Bancshares Corporation has a 52 week low of $27.92 and a 52 week high of $42.25.

International Bancshares Corporation (NASDAQ:IBOC) last issued its quarterly earnings results on Monday, August 7th. The bank reported $0.61 EPS for the quarter. International Bancshares Corporation had a net margin of 26.21% and a return on equity of 8.20%. On average, equities research analysts expect that International Bancshares Corporation will post $1.59 EPS for the current fiscal year.

International Bancshares Corporation declared that its Board of Directors has approved a stock repurchase program on Friday, April 21st that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 1.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/16/insider-selling-international-bancshares-corporation-iboc-director-sells-15000-shares-of-stock.html.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of International Bancshares Corporation by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,489,486 shares of the bank’s stock valued at $157,358,000 after buying an additional 131,467 shares during the last quarter. State Street Corp boosted its position in shares of International Bancshares Corporation by 2.1% in the second quarter. State Street Corp now owns 2,216,366 shares of the bank’s stock valued at $77,684,000 after buying an additional 45,743 shares during the last quarter. Northern Trust Corp boosted its position in shares of International Bancshares Corporation by 1.3% in the second quarter. Northern Trust Corp now owns 1,953,897 shares of the bank’s stock valued at $68,484,000 after buying an additional 25,918 shares during the last quarter. Polaris Capital Management LLC boosted its position in shares of International Bancshares Corporation by 1.6% in the second quarter. Polaris Capital Management LLC now owns 849,405 shares of the bank’s stock valued at $29,772,000 after buying an additional 13,600 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of International Bancshares Corporation by 6.7% in the second quarter. Prudential Financial Inc. now owns 812,894 shares of the bank’s stock valued at $28,492,000 after buying an additional 51,290 shares during the last quarter. 56.16% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded International Bancshares Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.

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.

Receive News & Ratings for International Bancshares Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Bancshares Corporation and related companies with MarketBeat.com's FREE daily email newsletter.