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

Shares of International Bancshares (NASDAQ IBOC) traded up $0.35 on Friday, hitting $41.60. 277,353 shares of the stock traded hands, compared to its average volume of 200,112. International Bancshares has a twelve month low of $32.50 and a twelve month high of $42.40. The firm has a market capitalization of $2,748.72, a P/E ratio of 18.82 and a beta of 1.51. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.68.

International Bancshares (NASDAQ:IBOC) last announced its earnings results on Wednesday, November 8th. The bank reported $0.59 earnings per share 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 134,900 shares of the stock in a transaction dated 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 transaction, the director now directly owns 1,672,890 shares of the company’s stock, valued at $65,008,505.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R David Guerra sold 2,500 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $91,675.00. The disclosure for this sale can be found here. Insiders have sold 437,400 shares of company stock valued at $17,006,889 in the last quarter. Insiders own 17.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. raised its holdings in 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 in the last quarter. Amalgamated Bank raised its holdings in 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 in the last quarter. Arizona State Retirement System raised its holdings in International Bancshares by 1.2% during the second quarter. Arizona State Retirement System now owns 24,500 shares of the bank’s stock worth $859,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank raised its holdings in International Bancshares by 0.9% during the second quarter. Comerica Bank now owns 44,961 shares of the bank’s stock worth $1,601,000 after purchasing an additional 389 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in International Bancshares by 0.9% during the second quarter. Texas Permanent School Fund now owns 42,439 shares of the bank’s stock worth $1,487,000 after purchasing an additional 395 shares in the last quarter. 57.01% of the stock is 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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