International Bancshares Co. (NASDAQ:IBOC) CEO Dennis E. Nixon Sells 34,815 Shares

International Bancshares Co. (NASDAQ:IBOC) CEO Dennis E. Nixon sold 34,815 shares of the firm’s stock in a transaction on 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 directly owns 965,185 shares of the company’s stock, valued at approximately $69,667,053.30. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

International Bancshares Price Performance

Shares of NASDAQ IBOC traded up $0.43 during mid-day trading on Friday, reaching $72.28. 16,598 shares of the company were exchanged, 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 quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.50 billion, a PE ratio of 11.17 and a beta of 0.87. The company’s 50 day moving average price is $62.37 and its 200 day moving average price is $60.46.

Institutional Trading of International Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Centiva Capital LP bought a new stake in International Bancshares in the third quarter worth $250,000. Azora Capital LP lifted its stake in International Bancshares by 7.2% in the third quarter. Azora Capital LP now owns 905,453 shares of the bank’s stock worth $54,137,000 after purchasing an additional 60,573 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in International Bancshares by 1.2% in 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 worth $7,250,000 after purchasing an additional 1,395 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in International Bancshares by 111.5% in the third quarter. BNP Paribas Financial Markets now owns 22,769 shares of the bank’s stock worth $1,361,000 after purchasing an additional 12,002 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its stake in International Bancshares by 6.8% in the third quarter. Advantage Alpha Capital Partners LP now owns 7,647 shares of the bank’s stock worth $457,000 after purchasing an additional 487 shares during the last quarter. 65.91% of the stock is owned by institutional investors.

International Bancshares Company Profile

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.