Potential International Bancshares Corporation (NASDAQ:IBOC) shareholders may wish to note that the Director, Javier de Anda, recently bought US$313k worth of stock, paying US$32.82 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 74%, potentially signalling some real optimism.
International Bancshares Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Director, Antonio Sanchez, sold US$9.4m worth of shares at a price of US$46.84 per share. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$34.19. So it is hard to draw any strong conclusion from it. Antonio Sanchez was the only individual insider to sell over the last year.
Happily, we note that in the last year insiders paid US$626k for 18533 shares. On the other hand they divested 200k shares, for US$9.4m. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Does International Bancshares Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. International Bancshares insiders own about US$270m worth of shares (which is 12% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About International Bancshares Insiders?
The recent insider purchases are heartening. But we can’t say the same for the transactions over the last 12 months. Overall, we’d prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, International Bancshares insiders are reasonably well aligned, and optimistic for the future. 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.
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.
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