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How Many Insiders Sold International Bancshares Corporation (NASDAQ:IBOC) Shares?

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It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell International Bancshares Corporation (NASDAQ:IBOC), you may well want to know whether insiders have been buying or selling.

What Is Insider Buying?

It’s quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’

Check out our latest analysis for International Bancshares

The Last 12 Months Of Insider Transactions At International Bancshares

In the last twelve months, the biggest single sale by an insider was when Director Antonio Sanchez sold US$9.4m worth of shares at a price of US$46.84 per share. So we know that an insider sold shares at around the present share price of US$35.42. They could have a variety of motivations for selling, but it’s still not particularly encouraging to see. We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price. Antonio Sanchez was the only individual insider to sell shares in the last twelve months.

Antonio Sanchez sold a total of 225.00k shares over the year at an average price of US$46.11. The chart below shows insider transactions over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGS:IBOC Insider Trading December 13th 18
NasdaqGS:IBOC Insider Trading December 13th 18

I will like International Bancshares better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of International Bancshares

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. International Bancshares insiders own 12% of the company, currently worth about US$284m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The International Bancshares Insider Transactions Indicate?

It doesn’t really mean much that no insider has traded International Bancshares shares in the last quarter. It’s heartening that insiders own plenty of stock, but we’d like to see more insider buying, since the last year of International Bancshares insider transactions don’t fill us with confidence. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.