International Bancshares (NASDAQ:IBOC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

Shares of International Bancshares (NASDAQ:IBOC) opened at $39.80 on Friday. 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 12 month low of $32.50 and a 12 month high of $42.90. The firm has a market cap of $2,600.00, a P/E ratio of 18.01 and a beta of 1.50.

International Bancshares (NASDAQ:IBOC) last posted its quarterly 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 other news, Director Antonio R. Sanchez, Jr. sold 300,000 shares of International Bancshares stock in a transaction that occurred 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 $65,092,149.90. The transaction 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 International Bancshares stock in a transaction that occurred 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 of the company’s stock, valued at approximately $65,008,505.40. The disclosure for this sale can be found here. Insiders own 17.93% of the company’s stock.

Several institutional investors have recently bought and sold shares of IBOC. Cubist Systematic Strategies LLC purchased a new position in International Bancshares during the second quarter valued at approximately $208,000. Quantbot Technologies LP increased its holdings in International Bancshares by 387.1% during the second quarter. Quantbot Technologies LP now owns 6,819 shares of the bank’s stock valued at $239,000 after buying an additional 5,419 shares during the period. Amalgamated Bank increased its holdings in International Bancshares by 0.9% during the second quarter. Amalgamated Bank now owns 7,811 shares of the bank’s stock valued at $274,000 after buying an additional 72 shares during the period. Ramsey Quantitative Systems purchased a new position in International Bancshares during the second quarter valued at approximately $303,000. Finally, Suntrust Banks Inc. increased 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 valued at $346,000 after buying an additional 72 shares during the period. 57.00% 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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