BidaskClub cut shares of International Bancshares (NASDAQ:IBOC) from a hold rating to a sell rating in a research note published on Friday morning.

International Bancshares (IBOC) traded up $0.05 on Friday, hitting $39.70. The stock had a trading volume of 160,422 shares, compared to its average volume of 158,040. International Bancshares has a 12 month low of $32.50 and a 12 month high of $42.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68. The company has a market cap of $2,619.85, a P/E ratio of 17.96 and a beta of 1.51.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Wednesday, November 8th. The bank reported $0.59 EPS for the quarter. International Bancshares had a return on equity of 8.34% and a net margin of 26.36%.

In other news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $38.91, for a total transaction of $11,673,000.00. Following the sale, the director now directly owns 1,672,890 shares of the company’s stock, valued at $65,092,149.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Antonio R. Sanchez, Jr. sold 134,900 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $38.86, for a total value of $5,242,214.00. Following the sale, the director now directly owns 1,672,890 shares in the company, valued at $65,008,505.40. The disclosure for this sale can be found here. 17.93% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of International Bancshares during the second quarter worth $208,000. Quantbot Technologies LP raised its position in shares of International Bancshares by 387.1% during 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 period. Amalgamated Bank raised its position in shares of International Bancshares by 0.9% during 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 period. Ramsey Quantitative Systems acquired a new stake in shares of International Bancshares during the second quarter worth $303,000. Finally, Suntrust Banks Inc. raised its position in shares of International Bancshares by 0.7% during the second quarter. Suntrust Banks Inc. now owns 9,879 shares of the bank’s stock worth $346,000 after purchasing an additional 72 shares during the period. 57.00% of the stock is currently owned by institutional investors.

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About International Bancshares

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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