Southwest Bancorp, Inc. (OKSB) Shares Sold by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY reduced its position in shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,394 shares of the bank’s stock after selling 1,025 shares during the period. Metropolitan Life Insurance Co. NY owned 0.07% of Southwest Bancorp worth $324,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Southwest Bancorp during the first quarter worth approximately $215,000. Covenant Multifamily Offices LLC purchased a new position in Southwest Bancorp during the first quarter worth approximately $220,000. Guggenheim Capital LLC purchased a new position in Southwest Bancorp during the fourth quarter worth approximately $247,000. Karp Capital Management Corp purchased a new position in Southwest Bancorp during the first quarter worth approximately $284,000. Finally, American International Group Inc. boosted its position in 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. Institutional investors own 77.37% of the company’s stock.
Shares of Southwest Bancorp, Inc. (NASDAQ OKSB) traded up 0.40% on Tuesday, reaching $25.05. The company’s stock had a trading volume of 30,522 shares. Southwest Bancorp, Inc. has a one year low of $17.07 and a one year high of $29.70. The firm has a 50-day moving average price of $25.52 and a 200 day moving average price of $25.83. The firm has a market capitalization of $468.06 million, a PE ratio of 22.17 and a beta of 0.98.
Southwest Bancorp (NASDAQ:OKSB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $25.89 million during the quarter, compared to analyst estimates of $24.97 million. Southwest Bancorp had a return on equity of 7.44% and a net margin of 19.38%. During the same quarter last year, the business posted $0.28 EPS. On average, analysts anticipate that Southwest Bancorp, Inc. will post $1.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were paid a $0.08 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. Southwest Bancorp’s dividend payout ratio (DPR) is 27.83%.
A number of research firms have recently commented on OKSB. 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 set a $29.00 price objective on shares of Southwest Bancorp in a research note on Thursday, August 10th. Zacks Investment Research upgraded Southwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, July 4th. Sandler O’Neill upgraded Southwest Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Finally, Stephens reiterated a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.33.
About Southwest Bancorp
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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