Southwest Bancorp Inc. (NASDAQ:OKSB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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) “

A number of other research firms have also recently weighed in on OKSB. Hovde Group cut shares of 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. TheStreet upgraded shares of Southwest Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.20.

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Shares of Southwest Bancorp (NASDAQ:OKSB) opened at 18.62 on Wednesday. The stock has a market capitalization of $347.99 million, a PE ratio of 22.68 and a beta of 1.09. The stock’s 50 day moving average is $19.24 and its 200 day moving average is $17.10. Southwest Bancorp has a 12 month low of $14.00 and a 12 month high of $19.97.

Southwest Bancorp (NASDAQ:OKSB) last issued its earnings results on Tuesday, July 19th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Southwest Bancorp had a net margin of 16.09% and a return on equity of 5.60%. Analysts anticipate that Southwest Bancorp will post $0.92 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in OKSB. Boston Partners raised its stake in shares of Southwest Bancorp by 1.8% in the second quarter. Boston Partners now owns 143,130 shares of the company’s stock valued at $2,423,000 after buying an additional 2,580 shares during the period. Polaris Capital Management LLC raised its position in Southwest Bancorp by 0.5% in the second quarter. Polaris Capital Management LLC now owns 729,719 shares of the company’s stock worth $12,354,000 after buying an additional 3,700 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Southwest Bancorp during the second quarter worth $12,759,000. Mizuho Trust & Banking Co. Ltd. acquired a new position in Southwest Bancorp during the second quarter worth $2,656,000. Finally, Bank of New York Mellon Corp raised its position in Southwest Bancorp by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 107,012 shares of the company’s stock worth $1,812,000 after buying an additional 622 shares during the last quarter. Institutional investors and hedge funds 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.

5 Day Chart for NASDAQ:OKSB

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