Southwest Bancorp Inc. (OKSB) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Southwest Bancorp Inc. (NASDAQ:OKSB) issued its quarterly earnings data on Tuesday. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Southwest Bancorp had a return on equity of 5.60% and a net margin of 16.09%.
Shares of Southwest Bancorp (NASDAQ:OKSB) traded down 0.55% during trading on Tuesday, hitting $18.20. 20,418 shares of the company’s stock were exchanged. The stock has a market cap of $340.14 million, a P/E ratio of 22.17 and a beta of 0.95. The firm has a 50-day moving average price of $18.92 and a 200-day moving average price of $17.51. Southwest Bancorp has a one year low of $14.00 and a one year high of $19.97.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Southwest Bancorp from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a report on Wednesday, June 22nd. Hovde Group lowered 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.20.
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Several hedge funds have recently bought and sold shares of the company. Banc Funds Co. LLC increased its stake in Southwest Bancorp by 27.2% in the second quarter. Banc Funds Co. LLC now owns 1,141,867 shares of the company’s stock worth $19,332,000 after buying an additional 244,146 shares during the period. Penn Capital Management Co. Inc. increased its stake in Southwest Bancorp by 2.0% in the second quarter. Penn Capital Management Co. Inc. now owns 304,537 shares of the company’s stock worth $5,156,000 after buying an additional 6,012 shares during the period. Alliancebernstein L.P. acquired a new stake in Southwest Bancorp during the second quarter worth $174,000. BlackRock Investment Management LLC increased its stake in Southwest Bancorp by 6.3% in the second quarter. BlackRock Investment Management LLC now owns 77,805 shares of the company’s stock worth $1,317,000 after buying an additional 4,579 shares during the period. Finally, 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 period. Hedge funds and other institutional investors own 79.69% 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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