International Bancshares Corporation (NASDAQ:IBOC) VP R David Guerra sold 2,500 shares of International Bancshares Corporation stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $91,675.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
International Bancshares Corporation (IBOC) opened at 37.90 on Tuesday. International Bancshares Corporation has a 12 month low of $28.47 and a 12 month high of $42.25. The stock has a 50 day moving average of $35.80 and a 200-day moving average of $35.57. The firm has a market cap of $2.50 billion, a P/E ratio of 17.55 and a beta of 1.53.
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%. Equities research analysts predict that International Bancshares Corporation will post $1.59 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of IBOC. Cubist Systematic Strategies LLC bought a new position in shares of International Bancshares Corporation in the second quarter worth approximately $208,000. Quantbot Technologies LP grew its holdings in shares of International Bancshares Corporation by 387.1% in the second quarter. Quantbot Technologies LP now owns 6,819 shares of the bank’s stock worth $239,000 after purchasing an additional 5,419 shares during the last quarter. ING Groep NV bought a new position in shares of International Bancshares Corporation in the second quarter worth approximately $248,000. Amalgamated Bank grew its holdings 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 worth $274,000 after purchasing an additional 72 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of International Bancshares Corporation in the second quarter worth approximately $303,000. Hedge funds and other institutional investors own 55.59% of the company’s stock.
Separately, BidaskClub upgraded shares of 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.
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