BidaskClub upgraded shares of International Bancshares (NASDAQ:IBOC) from a sell rating to a hold rating in a research note released on Saturday morning.

International Bancshares (IBOC) opened at $40.55 on Friday. The stock has a market cap of $2,680.00, a price-to-earnings ratio of 18.82 and a beta of 1.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 0.72. International Bancshares has a 1-year low of $32.50 and a 1-year high of $42.90.

International Bancshares (NASDAQ:IBOC) last announced 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 other International Bancshares news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $38.91, for a total transaction of $11,673,000.00. Following the sale, the director now 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 is accessible through this hyperlink. Also, Director Antonio R. Sanchez, Jr. sold 134,900 shares of the company’s 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 sale, the director now directly owns 1,672,890 shares in the company, valued at approximately $65,008,505.40. The disclosure for this sale can be found here. Insiders have sold 437,400 shares of company stock worth $17,006,889 in the last ninety days. Insiders own 17.93% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in shares of International Bancshares by 790.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 24,623 shares of the bank’s stock worth $987,000 after acquiring an additional 21,859 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of International Bancshares by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 100,130 shares of the bank’s stock worth $4,015,000 after acquiring an additional 5,550 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of International Bancshares in the 3rd quarter worth about $527,000. Dimensional Fund Advisors LP raised its holdings in shares of International Bancshares by 0.9% in 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. Finally, Wells Fargo & Company MN raised its holdings in shares of International Bancshares by 5.6% in the 3rd quarter. Wells Fargo & Company MN now owns 56,457 shares of the bank’s stock worth $2,263,000 after acquiring an additional 3,017 shares during the last quarter. Hedge funds and other institutional investors own 57.00% of the company’s stock.

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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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