Top Buys by Directors: De Anda's $200.6K Bet on IBOC

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $200.6K by Javier De Anda, Director at International Bancshares Corp. (Symbol: IBOC).

Purchased Insider Title Shares Price/Share Value
03/10/2020 Javier De Anda Director 7,144 $28.07 $200,553.60

De Anda's average cost works out to $28.07/share. Shares of International Bancshares Corp. were changing hands at $29.36 at last check, trading down about 1.4% on Tuesday. The chart below shows the one year performance of IBOC shares, versus its 200 day moving average:

International Bancshares Corp. Chart

Looking at the chart above, IBOC's low point in its 52 week range is $15.60 per share, with $44 as the 52 week high point — that compares with a last trade of $29.36.

The current annualized dividend paid by International Bancshares Corp. is $1.1/share, currently paid in installments, and its most recent dividend ex-date was on 03/31/2020. Below is a long-term dividend history chart for IBOC, which can be of good help in judging whether the most recent dividend with approx. 3.7% annualized yield is likely to continue.


Click here to find out which other top insider buys by company directors you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More