EEM, CIB, MBT, HDB: ETF Outflow Alert Tuesday, September 4, 12:19 PM ET, by Market News Video Staff Symbols mentioned in this story: EEM, CIB, MBT, HDB Exchange traded funds (ETFs) trade just ...
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 12, Southwest Bancorp, Inc. 's Director, Russell William Teubner, invested $45,800.00 into 10,000 shares of OKSB, for a cost per share of $4.58. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Monday, bargain hunters could buy shares of Southwest Bancorp, Inc. (NASDAQ:OKSB) and achieve a cost basis even cheaper than Teubner, with shares changing hands as low as $4.56 per share. Southwest Bancorp, Inc. shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of OKSB shares, versus its 200 day moving average:
Looking at the chart above, OKSB's low point in its 52 week range is $3.75 per share, with $14.82 as the 52 week high point — that compares with a last trade of $4.58. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Purchased
Insider
Title
Shares
Price/Share
Value
06/13/2011
Rick Green
President and CEO
1,000
$10.89
$10,890.00
07/29/2011
David H. Dietz
EXECUTIVE VICE PRESIDENT
11,000
$6.35
$69,880.00
07/28/2011
Russell William Teubner
Director
7,000
$6.41
$44,855.00
07/28/2011
Rick Green
President and CEO
3,500
$6.37
$22,295.00
07/29/2011
John Thomas Danielson
EVP Corp Chief Banking Officer
5,000
$6.31
$31,568.00
07/28/2011
Priscilla J. Barnes
Executive Vice President
2,290
$6.42
$14,691.50
08/16/2011
Rick Green
President and CEO
5,000
$5.31
$26,550.00
08/17/2011
Russell William Teubner
Director
5,000
$5.23
$26,130.00
08/18/2011
Russell William Teubner
Director
3,000
$5.03
$15,090.00
08/17/2011
Priscilla J. Barnes
Executive Vice President
1,450
$5.35
$7,762.50
08/22/2011
Priscilla J. Barnes
Executive Vice President
1,000
$4.55
$4,550.00
08/23/2011
Russell William Teubner
Director
15,000
$4.69
$70,360.00
09/08/2011
Rick Green
President and CEO
6,000
$4.56
$27,360.00
09/12/2011
Russell William Teubner
Director
10,000
$4.58
$45,800.00
OKSB operates in the Banking & Savings sector, among companies like HDFC Bank Ltd (NYSE:HDB) which is up about 2.7% today, and State Street Corp. (NYSE:STT) trading up by about 1.4%. Below is a three month price history chart comparing the stock performance of OKSB, versus HDB and STT.
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