International Bancshares (NASDAQ:IBOC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Shares of International Bancshares (NASDAQ IBOC) opened at $39.75 on Thursday. The company has a market cap of $2,573.60, a price-to-earnings ratio of 17.99 and a beta of 1.46. International Bancshares has a 1 year low of $32.50 and a 1 year high of $42.90. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68.
In related news, 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 value of $5,242,214.00. Following the completion of the sale, the director now owns 1,672,890 shares in the company, valued at approximately $65,008,505.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 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 disclosure for this sale can be found here. 17.93% of the stock is owned by corporate insiders.
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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