The Virginia Retirement Systems ET AL Acquires New Stake in Southwest Bancorp Inc. (OKSB)

The Virginia Retirement Systems ET AL Acquires New Stake in Southwest Bancorp Inc. (OKSB)

Virginia Retirement Systems ET AL acquired a new position in shares of Southwest Bancorp Inc. (NASDAQ:OKSB) during the second quarter, Holdings Channel reports. The institutional investor acquired 12,900 shares of the company’s stock, valued at approximately $218,000. Virginia Retirement Systems ET AL owned 0.07% of Southwest Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Southwest Bancorp by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,547,540 shares of the company’s stock worth $26,200,000 after buying an additional 64,494 shares during the period. Vanguard Group Inc. increased its position in Southwest Bancorp by 0.6% in the second quarter. Vanguard Group Inc. now owns 769,118 shares of the company’s stock worth $13,021,000 after buying an additional 4,629 shares during the period. Emerald Acquisition Ltd. bought a new position in Southwest Bancorp during the second quarter worth approximately $12,759,000. Polaris Capital Management LLC increased its position in Southwest Bancorp by 0.5% in the second quarter. Polaris Capital Management LLC now owns 729,719 shares of the company’s stock worth $12,354,000 after buying an additional 3,700 shares during the period. Finally, Deprince Race & Zollo Inc. increased 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 during the period. Hedge funds and other institutional investors own 79.68% of the company’s stock.

Shares of Southwest Bancorp Inc. (NASDAQ:OKSB) opened at 18.65 on Wednesday. The firm has a market cap of $348.55 million, a PE ratio of 22.72 and a beta of 0.95. Southwest Bancorp Inc. has a 12-month low of $14.00 and a 12-month high of $19.97. The company has a 50 day moving average of $19.02 and a 200-day moving average of $17.41.

Southwest Bancorp (NASDAQ:OKSB) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. Equities research analysts forecast that Southwest Bancorp Inc. will post $0.92 EPS for the current fiscal year.

A number of research analysts have recently issued reports on OKSB shares. Zacks Investment Research upgraded shares of Southwest Bancorp from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Wednesday, June 22nd. Hovde Group downgraded 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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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