Some International Bancshares Corporation (NASDAQ:IBOC) shareholders may be a little concerned to see that the Chairman of the Board & President, Dennis Nixon, recently sold a substantial US$7.2m worth of stock at a price of US$71.72 per share. However, that sale only accounted for 4.3% of their holding, so arguably it doesn't say much about their conviction.

The Last 12 Months Of Insider Transactions At International Bancshares

Notably, that recent sale by Dennis Nixon is the biggest insider sale of International Bancshares shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$70.89. 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.

International Bancshares insiders didn't buy any shares over the last year. 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!

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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 9.0% of the company, currently worth about US$395m 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. Looking to the last twelve months, our data doesn't show any insider buying. 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. For example - International Bancshares has 1 warning sign we think you should be aware of.

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.