OmniAmerican Bancorp Inc. (OABC): Brown Trout Management Reveals 5.0% Passive Stake

Brown Trout Management, in a new filing with the U.S. Securities and Exchange Commission, has disclosed holding a 5.0% passive stake in OmniAmerican Bancorp Inc. (NASDAQ:OABC). The stake contains 581,175 shares of common stock of OmniAmerican Bancorp Inc. (NASDAQ:OABC), which is the holding company for OmniAmerican Bank.

OmniAmerican Bancorp

OmniAmerican Bank, headquartered in Fort Worth, Texas, is engaged in providing banking and financial services primarily to individuals and small- to middle-market businesses in its market area. OmniAmerican Bancorp Inc. (NASDAQ:OABC) has a market cap of $288.1 million. Shares of the company went down by 0.08% on Tuesday to $24.94. It has a 52 week high of $25.73 and a 52 week low of $20.46. For the company’s stock, analysts have the consensus average target price of $25.00, and the consensus average recommendation is ‘Buy.’

At the beginning of May, OmniAmerican Bancorp Inc. (NASDAQ:OABC) released financial results for the quarter ended March 31, 2014. The company reported first-quarter of 2014 net income of $1.5 million, $0.14 per diluted share, compared to net income of $1.9 million, or $0.18 per diluted share, in the same quarter last year, representing a decrease of $404,000, or 20.9%.

In April, OmniAmerican Bancorp Inc. (NASDAQ:OABC) agreed to merge with Southside Bancshares Inc. (NASDAQ:SBSI), which is the parent company of Texas-based Southside Bank. Under the terms of the agreement, OmniAmerican shareholders will receive 0.4459 shares of Southside common stock plus $13.125 in cash for each outstanding share of OmniAmerican common stock. The transaction is valued at about $307 million in aggregate. The merger is expected to close during the fourth quarter of 2014, subject to regulatory approvals and the approval of the shareholders of both companies. The combined entity will operate under the names Southside Bancshares Inc. and Southside Bank, and will have nearly $5 billion in assets.

Aside from Brown Trout Management, MFP Investors, managed by Michael Price, and Rod Hinze’s Keypoint Capital Management disclosed holding shares of OmniAmerican Bancorp Inc. (NASDAQ:OABC). Each of the funds holds 552,800 shares, and 370,349 shares, respectively.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!