Have Insiders Sold International Bancshares Shares Recently?

We wouldn't blame International Bancshares Corporation (NASDAQ:IBOC) shareholders if they were a little worried about the fact that Antonio Sanchez, the Director recently netted about US$8.3m selling shares at an average price of US$69.26. However, that sale only accounted for 3.3% of their holding, so arguably it doesn't say much about their conviction.

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International Bancshares Insider Transactions Over The Last Year

In fact, the recent sale by Antonio Sanchez was the biggest sale of International Bancshares shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$68.28. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year International Bancshares insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for International Bancshares

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of International Bancshares

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. International Bancshares insiders own 8.9% of the company, currently worth about US$379m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The International Bancshares Insider Transactions Indicate?

An insider sold International Bancshares shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that International Bancshares is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing International Bancshares. In terms of investment risks, we've identified 1 warning sign with International Bancshares and understanding it should be part of your investment process.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.