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Antonio R. Sanchez Jr., a director and ten percent owner of International Bancshares Corp (NASDAQ:IBOC), a $4.24 billion market cap bank with a P/E ratio of 10.27, sold 120,000 shares of common stock on August 14 and 15, 2025, for approximately $8.3 million. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $76.91.
The sales were executed in two tranches. On August 14, Sanchez sold 80,000 shares, in multiple trades within a price range of $69.19 to $70.35, with a weighted average price of $69.83. The following day, August 15, he sold an additional 40,000 shares in multiple trades within a price range of $67.73 to $69.09, with a weighted average price of $68.12. InvestingPro data shows the company maintains a "GREAT" financial health score, with strong returns over the past five years.
Following these transactions, Sanchez directly holds 1,805,554 shares and indirectly holds 1,232,245 shares in trust, 9,000 shares in his grandchildren’s trust, and 447,439 shares in partnership. Discover more insights and 6 additional ProTips about IBOC with an InvestingPro subscription.
In other recent news, International Bancshares Corp has made significant updates to its corporate bylaws, which took effect on August 6, 2025. The amendments align with the Texas Business Organizations Code and require shareholders or groups to beneficially own at least three percent of the company’s common stock to initiate or maintain a derivative proceeding. Additionally, the company held its 2025 Annual Meeting of Shareholders, where several key proposals were voted on. Shareholders elected all eight nominees to the board of directors, who will serve until the next annual meeting. The elected directors include Javier de Anda, Douglas B. Howland, and Rudolph M. Miles, among others. The meeting also addressed the appointment of independent auditors and executive compensation matters. These developments reflect ongoing corporate governance activities at International Bancshares Corp.
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