JPMorgan Chase & Co. cut its stake in shares of Southwest Bancorp Inc. (NASDAQ:OKSB) by 49.9% during the second quarter, Holdings Channel reports. The fund owned 279,761 shares of the company’s stock after selling 279,135 shares during the period. JPMorgan Chase & Co. owned approximately 1.49% of Southwest Bancorp worth $4,737,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Deprince Race & Zollo Inc. boosted its position in Southwest Bancorp by 25.2% in the second quarter. Deprince Race & Zollo Inc. now owns 379,524 shares of the company’s stock worth $6,425,000 after buying an additional 76,479 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Southwest Bancorp by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 107,012 shares of the company’s stock worth $1,812,000 after buying an additional 622 shares during the last quarter. Boston Partners raised its stake in Southwest Bancorp by 1.8% in the second quarter. Boston Partners now owns 143,130 shares of the company’s stock worth $2,423,000 after buying an additional 2,580 shares during the last quarter. Geode Capital Management LLC raised its stake in Southwest Bancorp by 10.1% in the first quarter. Geode Capital Management LLC now owns 128,073 shares of the company’s stock worth $1,927,000 after buying an additional 11,792 shares during the last quarter. Finally, Virginia Retirement System acquired a new stake in Southwest Bancorp during the first quarter worth $318,000. Institutional investors own 79.68% of the company’s stock.
Southwest Bancorp Inc. (NASDAQ:OKSB) traded up 0.54% during midday trading on Friday, hitting $18.67. 1,662 shares of the stock were exchanged. Southwest Bancorp Inc. has a 1-year low of $14.00 and a 1-year high of $19.97. The stock has a market cap of $348.92 million, a PE ratio of 22.74 and a beta of 0.95. The company’s 50 day moving average is $18.98 and its 200-day moving average is $17.43.
Southwest Bancorp (NASDAQ:OKSB) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Southwest Bancorp had a net margin of 16.09% and a return on equity of 5.60%. On average, analysts expect that Southwest Bancorp Inc. will post $0.92 earnings per share for the current year.
A number of equities research analysts have weighed in on OKSB shares. Zacks Investment Research raised shares of Southwest Bancorp from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Wednesday, June 22nd. Hovde Group lowered shares of Southwest Bancorp from an “outperform” rating to a “market perform” rating and set a $21.00 target price on the stock. in a report on Friday, September 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.20.
Southwest Bancorp Company Profile
Southwest Bancorp, Inc is a financial holding company. The Company operates through 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.
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