Legal & General Group Plc lowered its position in Southwest Bancorp, Inc. (NASDAQ:OKSB) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,261 shares of the bank’s stock after selling 67 shares during the period. Legal & General Group Plc’s holdings in Southwest Bancorp were worth $111,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Vivaldi Asset Management LLC boosted its stake in shares of Southwest Bancorp by 57.1% in the first quarter. Vivaldi Asset Management LLC now owns 314,004 shares of the bank’s stock worth $8,211,000 after buying an additional 114,132 shares in the last quarter. Mizuho Securities USA Inc. boosted its stake in shares of Southwest Bancorp by 127.4% in the first quarter. Mizuho Securities USA Inc. now owns 113,689 shares of the bank’s stock valued at $3,028,000 after buying an additional 63,689 shares during the period. Vivaldi Capital Management LLC bought a new stake in shares of Southwest Bancorp during the first quarter valued at about $937,085,000. Stevens Capital Management LP boosted its stake in shares of Southwest Bancorp by 321.9% in the first quarter. Stevens Capital Management LP now owns 37,093 shares of the bank’s stock valued at $970,000 after buying an additional 28,302 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Southwest Bancorp by 47.5% in the fourth quarter. Teachers Advisors LLC now owns 49,550 shares of the bank’s stock valued at $1,437,000 after buying an additional 15,956 shares during the period. Institutional investors own 77.37% of the company’s stock.
Southwest Bancorp, Inc. (OKSB) remained flat at $24.95 during midday trading on Friday. The company’s stock had a trading volume of 48,038 shares. The stock has a 50 day moving average price of $25.53 and a 200-day moving average price of $25.88. The company has a market capitalization of $466.19 million, a P/E ratio of 22.08 and a beta of 0.98. Southwest Bancorp, Inc. has a 12-month low of $17.07 and a 12-month high of $29.70.
Southwest Bancorp (NASDAQ:OKSB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Southwest Bancorp had a net margin of 19.38% and a return on equity of 7.44%. The firm had revenue of $25.89 million during the quarter, compared to the consensus estimate of $24.97 million. During the same period last year, the firm earned $0.28 EPS. Equities research analysts expect that Southwest Bancorp, Inc. will post $1.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, August 2nd. Southwest Bancorp’s payout ratio is 27.83%.
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OKSB has been the subject of several recent research reports. Sandler O’Neill upgraded Southwest Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research cut Southwest Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. UBS AG upgraded Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $29.00 price target on shares of Southwest Bancorp in a research note on Thursday, August 10th. Finally, Stephens reiterated a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.33.
Southwest Bancorp Company Profile
Southwest Bancorp, Inc is a financial holding company. The Company operates in four segments: Oklahoma Banking, Texas Banking, Kansas Banking and Other Operations. The Oklahoma Banking segment provides deposit and lending services and consists of residential mortgage lending services to customers. The Texas Banking segment and the Kansas Banking segment provide deposit and lending services.
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