Geode Capital Management LLC increased its position in shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) by 12.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,016 shares of the bank’s stock after buying an additional 16,827 shares during the period. Geode Capital Management LLC owned about 0.83% of Southwest Bancorp worth $4,053,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in OKSB. SG Americas Securities LLC acquired a new stake in shares of Southwest Bancorp during the first quarter worth approximately $215,000. Covenant Multifamily Offices LLC acquired a new stake in shares of Southwest Bancorp during the first quarter worth approximately $220,000. Guggenheim Capital LLC acquired a new stake in shares of Southwest Bancorp during the fourth quarter worth approximately $247,000. Karp Capital Management Corp acquired a new stake in shares of Southwest Bancorp during the first quarter worth approximately $284,000. Finally, American International Group Inc. boosted its stake in shares of Southwest Bancorp by 7.2% in the first quarter. American International Group Inc. now owns 11,133 shares of the bank’s stock worth $291,000 after buying an additional 748 shares during the last quarter. 77.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) traded down 0.60% on Thursday, hitting $25.00. 17,998 shares of the stock were exchanged. The firm’s 50 day moving average price is $25.57 and its 200 day moving average price is $25.91. Southwest Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.70. The firm has a market cap of $467.13 million, a price-to-earnings ratio of 22.12 and a beta of 0.98.
Southwest Bancorp (NASDAQ:OKSB) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.97 million. Southwest Bancorp had a net margin of 19.38% and a return on equity of 7.44%. During the same quarter in the prior year, the company earned $0.28 EPS. Equities analysts anticipate that Southwest Bancorp, Inc. will post $1.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. Southwest Bancorp’s payout ratio is presently 27.83%.
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A number of brokerages have recently commented on OKSB. UBS AG raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $29.00 target price on shares of Southwest Bancorp in a report on Thursday, August 10th. Zacks Investment Research raised shares of Southwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, July 4th. Sandler O’Neill raised shares of Southwest Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. Finally, Stephens reaffirmed a “hold” rating on shares of Southwest Bancorp in a report on Tuesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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