Insider Buying: The International Bancshares Corporation (NASDAQ:IBOC) Independent Director Just Bought US$201k Worth Of Shares

Potential International Bancshares Corporation (NASDAQ:IBOC) shareholders may wish to note that the Independent Director, Javier de Anda, recently bought US$201k worth of stock, paying US$28.07 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 58%.

Check out our latest analysis for International Bancshares

The Last 12 Months Of Insider Transactions At International Bancshares

In fact, the recent purchase by Independent Director Javier de Anda was not their only acquisition of International Bancshares shares this year. They previously made an even bigger purchase of US$313k worth of shares at a price of US$32.83 per share. That means that an insider was happy to buy shares at above the current price of US$28.70. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months International Bancshares insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does International Bancshares Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that International Bancshares insiders own 12% of the company, worth about US$226m. 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 Does This Data Suggest About International Bancshares Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about International Bancshares. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for International Bancshares you should know about.

Of course International Bancshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.