Southwest Bancorp Inc. (OKSB) Downgraded by Zacks Investment Research
Southwest Bancorp Inc. (NASDAQ:OKSB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “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) “
Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Southwest Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 3rd. Hovde Group cut Southwest Bancorp from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a report on Friday, September 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.20.
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Southwest Bancorp (NASDAQ:OKSB) traded down 0.54% during trading on Wednesday, hitting $18.52. The company had a trading volume of 15,785 shares. Southwest Bancorp has a one year low of $14.00 and a one year high of $19.97. The stock has a 50-day moving average of $19.22 and a 200-day moving average of $17.11. The stock has a market capitalization of $346.12 million, a PE ratio of 22.56 and a beta of 1.09.
Southwest Bancorp (NASDAQ:OKSB) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Southwest Bancorp had a return on equity of 5.60% and a net margin of 16.09%. On average, equities analysts anticipate that Southwest Bancorp will post $0.92 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC increased its stake in Southwest Bancorp by 3.9% in the second quarter. BlackRock Advisors LLC now owns 9,652 shares of the company’s stock worth $163,000 after buying an additional 364 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Southwest Bancorp during the second quarter worth $174,000. Strs Ohio increased its stake in Southwest Bancorp by 8.7% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock worth $211,000 after buying an additional 1,000 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Southwest Bancorp during the second quarter worth $218,000. Finally, Virginia Retirement System acquired a new stake in Southwest Bancorp during the first quarter worth $318,000. Institutional investors own 79.68% of the company’s stock.
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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