International Bancshares Corp (IBOC): Anda Javier De , director of International Bancshares Corp purchased 2,500 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.15 per share for a total value of $62,875.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 10, 2015, R David Guerra (director) sold 4,763 shares at $27.02 per share price.On Dec 9, 2015, Antonio R Jr Sanchez (director 10% owner) sold 100,000 shares at $27.97 per share price.Also, On Nov 13, 2015, Imelda Navarro (director) sold 7,900 shares at $29.53 per share price.On Aug 18, 2015, Leonardo Salinas (director) purchased 3,500 shares at $28.27 per share price.
International Bancshares Corp: On Monday, May 16, 2016 heightened volatility was witnessed in International Bancshares Corp which led to swings in the share price. The shares opened for trading at $25.42 and hit $26.14 on the upside , eventually ending the session at $25.84, with a gain of 2.13% or 0.54 points. The heightened volatility saw the trading volume jump to 97,776 shares. The 52-week high of the share price is $31 and the company has a market cap of $1,704 M . The 52-week low of the share price is at $21.05.
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. The primary markets of the Company are South Central and Southeast Texas and the state of Oklahoma. Its banking subsidiaries facilitate international trade along the United States border with Mexico and elsewhere. The bank subsidiaries primarily focus on providing commercial banking services to small and medium sized businesses located in their trade areas. Its insurance-related subsidiary is in the business of reinsuring credit life and credit accident and health insurance.