International Bancshares (NASDAQ:IBOC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

Shares of NASDAQ:IBOC opened at $46.95 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $3.15 billion, a P/E ratio of 16.66 and a beta of 1.43. International Bancshares has a 52 week low of $36.05 and a 52 week high of $47.95.

International Bancshares (NASDAQ:IBOC) last announced its quarterly earnings data on Tuesday, August 7th. The bank reported $0.79 EPS for the quarter. The firm had revenue of $144.58 million during the quarter. International Bancshares had a net margin of 31.78% and a return on equity of 10.38%.

In related news, Director Antonio R. Sanchez, Jr. sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $46.78, for a total value of $9,356,000.00. Following the completion of the sale, the director now owns 1,865,131 shares in the company, valued at $87,250,828.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.93% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in IBOC. Renaissance Technologies LLC acquired a new stake in shares of International Bancshares during the 2nd quarter valued at approximately $205,000. LPL Financial LLC acquired a new stake in shares of International Bancshares during the 1st quarter valued at approximately $210,000. AMP Capital Investors Ltd acquired a new stake in shares of International Bancshares during the 2nd quarter valued at approximately $227,000. Stevens Capital Management LP acquired a new stake in shares of International Bancshares during the 2nd quarter valued at approximately $276,000. Finally, Capital Advisors Inc. OK acquired a new stake in shares of International Bancshares during the 2nd quarter valued at approximately $299,000. Hedge funds and other institutional investors own 58.01% of the company’s stock.

About International Bancshares

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange.

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