International Bancshares Co. (NASDAQ:IBOC - Get Free Report) CEO Dennis E. Nixon sold 34,815 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.18, for a total transaction of $2,512,946.70. Following the completion of the transaction, the chief executive officer now owns 965,185 shares in the company, valued at $69,667,053.30. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
International Bancshares Trading Up 0.6 %
Shares of IBOC stock traded up $0.43 during mid-day trading on Friday, reaching $72.28. The stock had a trading volume of 16,598 shares, compared to its average volume of 221,923. International Bancshares Co. has a 52-week low of $44.24 and a 52-week high of $73.82. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average price is $62.37 and its two-hundred day moving average price is $60.46. The firm has a market capitalization of $4.50 billion, a PE ratio of 11.17 and a beta of 0.87.
Hedge Funds Weigh In On International Bancshares
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Centiva Capital LP purchased a new position in shares of International Bancshares during the third quarter valued at about $250,000. Azora Capital LP increased its position in shares of International Bancshares by 7.2% during the third quarter. Azora Capital LP now owns 905,453 shares of the bank's stock valued at $54,137,000 after buying an additional 60,573 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of International Bancshares by 1.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,251 shares of the bank's stock valued at $7,250,000 after buying an additional 1,395 shares during the period. BNP Paribas Financial Markets increased its position in shares of International Bancshares by 111.5% during the third quarter. BNP Paribas Financial Markets now owns 22,769 shares of the bank's stock valued at $1,361,000 after buying an additional 12,002 shares during the period. Finally, Advantage Alpha Capital Partners LP increased its position in shares of International Bancshares by 6.8% during the third quarter. Advantage Alpha Capital Partners LP now owns 7,647 shares of the bank's stock valued at $457,000 after buying an additional 487 shares during the period. Hedge funds and other institutional investors own 65.91% of the company's stock.
About International Bancshares
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International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.
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