Southwest Bancorp, Inc. (NASDAQ:OKSB) Shares Sold by California Public Employees Retirement System
California Public Employees Retirement System reduced its position in shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) by 23.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,700 shares of the bank’s stock after selling 12,900 shares during the period. California Public Employees Retirement System’s holdings in Southwest Bancorp were worth $1,090,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Vivaldi Asset Management LLC increased 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 during the last quarter. Teachers Advisors LLC increased its stake in shares of Southwest Bancorp by 4.9% in the first quarter. Teachers Advisors LLC now owns 51,978 shares of the bank’s stock worth $1,359,000 after buying an additional 2,428 shares during the last quarter. Vivaldi Capital Management LLC acquired a new stake in shares of Southwest Bancorp during the first quarter worth $937,085,000. American International Group Inc. increased 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. Finally, SG Americas Securities LLC acquired a new stake in shares of Southwest Bancorp during the first quarter worth $215,000. 77.92% of the stock is owned by institutional investors.
Southwest Bancorp, Inc. (NASDAQ:OKSB) traded down 0.80% during mid-day trading on Friday, reaching $24.85. 99,966 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.99. The stock has a market cap of $464.32 million, a P/E ratio of 21.99 and a beta of 0.98. Southwest Bancorp, Inc. has a 52 week low of $17.07 and a 52 week high of $29.70.
Southwest Bancorp (NASDAQ:OKSB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. Southwest Bancorp had a return on equity of 7.44% and a net margin of 19.38%. The firm had revenue of $25.89 million during the quarter, compared to analyst estimates of $24.97 million. During the same period last year, the company earned $0.28 earnings per share. On average, analysts forecast that Southwest Bancorp, Inc. will post $1.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, August 2nd. Southwest Bancorp’s dividend payout ratio (DPR) is currently 27.83%.
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A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 price target on shares of Southwest Bancorp in a report on Thursday. Stephens reissued a “hold” rating on shares of Southwest Bancorp in a report on Tuesday, July 25th. Raymond James Financial, Inc. raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. UBS AG raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Southwest Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average 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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