International Bancshares (NASDAQ:IBOC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Shares of International Bancshares (IBOC) opened at $39.25 on Friday. International Bancshares has a 52-week low of $32.50 and a 52-week high of $42.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $2,593.44, a price-to-earnings ratio of 17.76 and a beta of 1.51.

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in International Bancshares by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,529,495 shares of the bank’s stock worth $181,634,000 after acquiring an additional 40,009 shares during the last quarter. State Street Corp boosted its holdings in International Bancshares by 2.1% during the 2nd quarter. State Street Corp now owns 2,216,366 shares of the bank’s stock worth $77,684,000 after acquiring an additional 45,743 shares during the last quarter. Northern Trust Corp boosted its holdings in International Bancshares by 1.3% during the 2nd quarter. Northern Trust Corp now owns 1,953,897 shares of the bank’s stock worth $68,484,000 after acquiring an additional 25,918 shares during the last quarter. Prudential Financial Inc. boosted its holdings in International Bancshares by 11.9% during the 3rd quarter. Prudential Financial Inc. now owns 909,644 shares of the bank’s stock worth $36,476,000 after acquiring an additional 96,750 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its holdings in International Bancshares by 1.6% during the 2nd quarter. Polaris Capital Management LLC now owns 849,405 shares of the bank’s stock worth $29,772,000 after acquiring an additional 13,600 shares during the last quarter. 57.00% of the stock is currently owned by hedge funds and other institutional investors.

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International Bancshares 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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