Russell Investments Group Ltd. lowered its stake in shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) by 83.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,364 shares of the bank’s stock after selling 535,898 shares during the period. Russell Investments Group Ltd. owned approximately 0.59% of Southwest Bancorp worth $2,795,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Capital Management LLC raised its stake in Southwest Bancorp by 0.4% in the second quarter. Chicago Capital Management LLC now owns 792,282 shares of the bank’s stock valued at $20,243,000 after buying an additional 3,128 shares in the last quarter. Vanguard Group Inc. raised its stake in Southwest Bancorp by 3.4% in the first quarter. Vanguard Group Inc. now owns 751,345 shares of the bank’s stock valued at $19,647,000 after buying an additional 24,852 shares in the last quarter. Bank of America Corp DE raised its stake in Southwest Bancorp by 3,742.9% in the first quarter. Bank of America Corp DE now owns 322,340 shares of the bank’s stock valued at $8,429,000 after buying an additional 313,952 shares in the last quarter. Vivaldi Asset Management LLC raised its stake in Southwest Bancorp by 57.1% in the first quarter. Vivaldi Asset Management LLC now owns 314,004 shares of the bank’s stock valued at $8,211,000 after buying an additional 114,132 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Southwest Bancorp by 5.6% in the first quarter. Renaissance Technologies LLC now owns 305,933 shares of the bank’s stock valued at $8,000,000 after buying an additional 16,292 shares in the last quarter. 77.00% of the stock is owned by institutional investors and hedge funds.

Shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) traded up 0.80% during midday trading on Thursday, hitting $25.30. 25,469 shares of the company traded hands. Southwest Bancorp, Inc. has a 12-month low of $17.07 and a 12-month high of $29.70. The stock’s 50-day moving average is $25.47 and its 200 day moving average is $25.79. The stock has a market capitalization of $472.73 million, a P/E ratio of 22.39 and a beta of 0.98.

Southwest Bancorp (NASDAQ:OKSB) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Southwest Bancorp had a net margin of 19.38% and a return on equity of 7.44%. The business had revenue of $25.89 million for the quarter, compared to analyst estimates of $24.97 million. During the same quarter last year, the firm earned $0.28 EPS. On average, analysts expect that Southwest Bancorp, Inc. will post $1.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, August 2nd. Southwest Bancorp’s payout ratio is 27.83%.

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OKSB has been the subject of several recent research reports. UBS AG raised shares of Southwest Bancorp from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of Southwest Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $29.00 target price on shares of Southwest Bancorp in a research note on Thursday, August 10th. Stephens reissued a “hold” rating on shares of Southwest Bancorp in a research note on Tuesday, July 25th. Finally, 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. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Southwest Bancorp has an average rating of “Hold” and an average price target 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.

Institutional Ownership by Quarter for Southwest Bancorp (NASDAQ:OKSB)

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