International Bancshares Corporation (NASDAQ:IBOC) VP R David Guerra sold 2,500 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were 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 through this hyperlink.

International Bancshares Corporation (NASDAQ:IBOC) traded up 2.72% during mid-day trading on Monday, reaching $37.80. 184,521 shares of the company’s stock were exchanged. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 17.50 and a beta of 1.53. The stock has a 50-day moving average of $35.72 and a 200-day moving average of $35.62. International Bancshares Corporation has a one year low of $28.47 and a one year high of $42.25.

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

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A number of hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its position in International Bancshares Corporation by 0.9% in the second quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock valued at $274,000 after purchasing an additional 72 shares during the last quarter. Suntrust Banks Inc. lifted its position in International Bancshares Corporation by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,879 shares of the bank’s stock valued at $346,000 after purchasing an additional 72 shares during the last quarter. Arizona State Retirement System lifted its position in International Bancshares Corporation by 1.2% in the second quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock valued at $859,000 after purchasing an additional 300 shares during the last quarter. Comerica Bank lifted its position in International Bancshares Corporation by 0.9% in the second quarter. Comerica Bank now owns 44,961 shares of the bank’s stock valued at $1,601,000 after purchasing an additional 389 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in International Bancshares Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock valued at $1,487,000 after purchasing an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 55.59% of the company’s stock.

Separately, BidaskClub downgraded shares of International Bancshares Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th.

International Bancshares Corporation 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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