This Insider Has Just Sold Shares In International Bancshares

Some International Bancshares Corporation (NASDAQ:IBOC) shareholders may be a little concerned to see that the Director, Antonio Sanchez, recently sold a substantial US$4.7m worth of stock at a price of US$58.90 per share. However, that sale only accounted for 2.6% of their holding, so arguably it doesn't say much about their conviction.

See our latest analysis for International Bancshares

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$57.91. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Antonio Sanchez sold a total of 290.00k shares over the year at an average price of US$51.19. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like International Bancshares better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of International Bancshares

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. International Bancshares insiders own 9.3% of the company, currently worth about US$333m 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 Does This Data Suggest About International Bancshares Insiders?

An insider sold International Bancshares shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since International Bancshares is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for International Bancshares that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.