First Trust Advisors LP lowered its stake in Southwest Bancorp Inc. (NASDAQ:OKSB) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 18,779 shares of the company’s stock after selling 380 shares during the period. First Trust Advisors LP owned about 0.10% of Southwest Bancorp worth $318,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in OKSB. Strs Ohio boosted its position in shares of Southwest Bancorp by 8.7% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock valued at $211,000 after buying an additional 1,000 shares in the last quarter. Virginia Retirement System purchased a new stake in Southwest Bancorp during the first quarter valued at about $318,000. Barclays PLC raised its stake in Southwest Bancorp by 0.4% in the first quarter. Barclays PLC now owns 38,662 shares of the company’s stock valued at $580,000 after buying an additional 154 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 valued at $1,812,000 after buying an additional 622 shares in the last quarter. Finally, 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 valued at $1,927,000 after buying an additional 11,792 shares in the last quarter. 79.68% of the stock is currently owned by institutional investors.
Shares of Southwest Bancorp Inc. (NASDAQ:OKSB) traded down 0.38% during trading on Friday, hitting $18.50. 26,652 shares of the stock were exchanged. The stock’s 50 day moving average price is $18.96 and its 200 day moving average price is $17.45. The firm has a market capitalization of $345.75 million, a price-to-earnings ratio of 22.53 and a beta of 0.95. Southwest Bancorp Inc. has a 52 week low of $14.00 and a 52 week high of $19.97.
Southwest Bancorp (NASDAQ:OKSB) last posted its earnings results on Tuesday, July 19th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate 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, equities analysts predict that Southwest Bancorp Inc. will post $0.92 earnings per share for the current year.
Several analysts recently issued reports on the stock. Hovde Group lowered shares of Southwest Bancorp from an “outperform” rating to a “market perform” rating and set a $21.00 price target on the stock. in a research report on Friday, September 9th. Zacks Investment Research lowered shares of Southwest Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Southwest Bancorp has a consensus rating of “Hold” and a consensus target price of $19.20.
About Southwest Bancorp
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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