The stock of Southwest Bancorp, Inc. (NASDAQ:OKSB) hit a new 52-week high and has $53.17 target or 145.00% above today’s $21.70 share price. The 6 months bullish chart indicates low risk for the $416.59 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $53.17 price target is reached, the company will be worth $604.06M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.60% or $1.15 during the last trading session, hitting $21.7. About 81,846 shares traded hands or 195.62% up from the average. Southwest Bancorp, Inc. (NASDAQ:OKSB) has risen 37.83% since April 11, 2016 and is uptrending. It has outperformed by 31.68% the S&P500.
Southwest Bancorp, Inc. (NASDAQ:OKSB) Ratings Coverage
Out of 3 analysts covering Southwest Bancorp (NASDAQ:OKSB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Southwest Bancorp has been the topic of 7 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, April 21 by Raymond James. Hovde Group upgraded Southwest Bancorp, Inc. (NASDAQ:OKSB) on Monday, November 7 to “Outperform” rating. The firm has “Outperform” rating given on Thursday, April 21 by Hovde Group. The firm has “Market Perform” rating given on Friday, September 9 by Hovde Group. The firm has “Hold” rating by TheStreet given on Tuesday, September 22. The rating was downgraded by Hovde Group on Tuesday, March 29 to “Market Perform”.
According to Zacks Investment Research, “Southwest Bancorp offers a broad range of commercial and consumer lending and deposit services. Southwest devotes substantial efforts to marketing and providing services to local businesses, their primary employees, and to other managers and professionals living and working in its Oklahoma market areas. Southwest has adapted to state branching limitations by developing a marketing and delivery system that does not rely on an extensive branch network. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.55, from 1.21 in 2016Q1. The ratio dropped, as 9 funds sold all Southwest Bancorp, Inc. shares owned while 38 reduced positions. 10 funds bought stakes while 21 increased positions. They now own 14.13 million shares or 6.76% less from 15.15 million shares in 2016Q1.
Kennedy Capital Mgmt, a Missouri-based fund reported 317,521 shares. Maltese Cap Ltd Llc accumulated 0.21% or 100,000 shares. Wells Fargo & Co Mn holds 0% or 9,712 shares in its portfolio. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Geode Cap Limited Liability holds 0% or 134,264 shares in its portfolio. Endeavour Cap Advsrs holds 1.96% of its portfolio in Southwest Bancorp, Inc. (NASDAQ:OKSB) for 1.55M shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 700 shares. Deutsche State Bank Ag has 17,628 shares for 0% of their US portfolio. Cardinal Cap Mgmt Ltd Limited Liability Company Ct accumulated 113,415 shares or 0.1% of the stock. Victory Mgmt has 73,703 shares for 0% of their US portfolio. Moreover, Credit Suisse Ag has 0% invested in Southwest Bancorp, Inc. (NASDAQ:OKSB) for 11,493 shares. Citigroup accumulated 0% or 1,797 shares. Bridgeway Mngmt holds 0.01% or 56,800 shares in its portfolio. State Street, a Massachusetts-based fund reported 330,985 shares. D E Shaw Company owns 69,908 shares or 0% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 2 insider purchases, and 0 insider sales for $107,752 net activity. 6,000 shares with value of $102,510 were bought by Morris James M II on Friday, June 3. Another trade for 310 shares valued at $5,242 was bought by TEUBNER RUSSELL WILLIAM.
OKSB Company Profile
Southwest Bancorp, Inc. (Southwest), incorporated on March 19, 1981, is a financial holding company. The Firm operates through four divisions: 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. Other Operations segment includes funds management unit and corporate investments. The Firm focuses on providing a range of commercial and consumer banking services, including commercial and consumer lending, deposit and investment services, specialized cash management, and other financial services and products. The Firm focuses on the financial needs of healthcare and health professionals, commercial real estate borrowers, businesses and the managers and owners, commercial lending and energy banking.
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